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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: bobby beara who wrote (83407)	9/21/2002 11:01:49 PM
From: Tom Pulley	Read Replies (2) of 99985

re:but they are bearish as hell now, a short squeeze day draweth nigh -g- Hope you are right. My model took me to 100% long at the open Friday at qqq of $21.80. Volume picked up a bit Friday which is a good sign. Most of my indicators are not in the extreme oversold territory which means that either this is a retest of the July low and we are about at the bottom or we are going to see a big decline still from here that takes these indicators to true bottom territory. My model says the former but you never know. One thing for sure, there is not any good news out there and no reason to be bullish.......therefore everyone should be finished their selling. Does that make sense? (g) Tom

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