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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.31

-1.1%

Nov 6 4:00 PM EST

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To: Tom Pulley who wrote (83550)	12/14/2002 12:08:28 AM
From: bobby beara	Read Replies (3) of 99985

? What makes you think we are headed further down? take dell - best performing high profile tech stock, which had rallied off the july bottom, to a new two year high on an abandoned baby hanging man on huge volume (on their earnings news) and has rolled over. stockcharts.com[w,a]daclyyay[dc][pb21!d15,2][vc60][iUb14]&pref=G 2003 doesn't look so bad to me at this point<<< the bull market was relentless to the upside 18 years in a row without a yearly correction, who's to say that the bear won't be just as relentless. stockcharts.com[w,a]wallynay[pa960]&pref=G and the break of support is valid on the spx in july and this sideways consolidation is a bear flag, making two contacts with former support, now turned resistance.

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