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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

4:00 PM EST

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To: Compadre who wrote (72)	12/3/1998 5:04:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

>>Does anyone have a strategy for trading days like this. << Hope you already have puts or else follow your charts and try and pick a stock that hasn't fallen yet if you think it will eventually give in to negative market sentiment, try to pick close to a bottom support line and catch the bounce back up. It all depends on what if you are a short term or mid term trader or a long term investor and if your are bullish or bearish. Those that are bearish will be trying to make the puts they already have good or else jumping in on the puts they have been waiting to get confirmation on and the bulls will be using this as a buying opportunity. I personally am barish long term but think we could have a week or two more upside before the reality starts to set in that Asia is no better off than before, people are losing their jobs and will continue to do so, and just because AG cut the interest rate, AMZN still won't make any money this year or next. <g> I show DOW support around 8800 in this channel. Good Luck, Lee

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