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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

-1.7%

4:00 PM EST

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To: donald sew who wrote (3700)	1/11/1999 9:21:00 PM
From: bobby beara	Read Replies (1) of 99985

Donald, there are two or three elliot wave interpretations of this move. The one I am subscribing to is that we had a bear iniation breadth stroke into 9/1 and 10/8. (volume precedes price) These were much similar to bull initiation breadth strokes in 96 and 97. This rally is a bear rally on ugly technicals, but pretty prices. A foolie, enuf too fool not only the retail investor, but most market insiders (wud haf to be that at a major topp - rite?) So if we are still in a bear market from the perfect fibonacci topp off 7/17 -g- which elliots call a b wave then the 3rd month of the 9 month cycle in a bear market wud be da topp. I KANT BELEEB DA INTERNUT KUD STAY VERTICAL TO MAKE IT TO APRIL -G- I BELEEB DIS IS IT. BB

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