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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 692.76

+0.5%

Jan 26 4:00 PM EST

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To: Hawkmoon who wrote (83989)	10/23/2003 1:22:30 PM
From: David W. Taylor	Read Replies (2) of 99985

>> But the Naz, being the most oversold of the indices, is showing the greatest strength and could hold 1800, which would set it up for a powerful move to the upside... >> Maybe the Naz has been showing the most strength on the way up during this Bear Market Rally, but it has also been the first to weaken and it has shown much more exhaustion on the downside. All of the daytraders, who are pumping their favorite techs, will soon be dumpling them like crazy. David

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