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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 680.73

-0.2%

Dec 15 4:00 PM EST

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To: Johnny Canuck who wrote (38359)	11/4/2002 4:51:23 PM
From: Logain Ablar	Read Replies (3) of 69057

Hi Harry: I believe Zeev is mildly bearish and has been for a week or so. He still has retrenchment targets of 1222 but it depends on sentiment and how the market gets there. With recent strength market may not reach his low targets. My observation from the past 2 weekends the consumer is not done spending. Plenty of shoppers out @ our malls. Now I also have 2 manufacturing clients and they are dying on the vine. Both have commented Dec is going to be the worst every (one company has been around over 30 years), ones in valves tied in with aerospace and the other with tubing, AC's, housing, etc. Manufacturing would luv the FED to ease and weaken the $$. Tim

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