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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: Cynic 2005 who wrote (2498)	12/21/1998 8:30:00 PM
From: StockOperator	Read Replies (4) of 99985

This is a quote out of the latest Barrons The McClellan Market Report "The pullback in the DJIA is simply a part of the texture of the new uptrend and is not the beginning of any retest of October's lows. The fact that the A-D line is still well off its summer highs is meaningless, just as it was meaningless after every other bear market. It always takes longer for the A-D line to reach new highs after a big decline. We do not look for any dangerous declines for the overall market until the next nine-month cycle low, due in July 1999". Tom McClellan

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