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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: bobby beara who wrote (83398)	9/18/2002 9:42:23 PM
From: Tom Pulley	Read Replies (2) of 99985

Thanks, re: 95% of mutual fund managers would love to be in your position right now.......true but I wouldn't mind being in their position if I could draw their salary and bonus. Did you see the put/call today? Put/Call closed at 1.35 and the equity only put/call was about 1.17. These readings are about as bullish as they can get and indicative of a bottom, but some other key indicators I follow haven't indicated we've bottomed yet. It looks like we're getting close though. The longer term indicators I follow are becoming quite bullish now indicating that 2003 might be a good year for the market. I hope so. I'm tired of this bear market and ready for one of those 12 month and 50%+ run-ups! Tom

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