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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 675.02

+0.9%

Nov 25 4:00 PM EST

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To: Haim R. Branisteanu who wrote (5871)	2/9/1999 7:29:00 PM
From: Terry Whitman	Read Replies (2) of 99985

Nasdaq THDMAPFP Update- Just in case some of you dipsters are thinking about buying this dip, I wanted to point out the THDMAPFP is still in Danger territory. Currently, the NAZ is at 23% above the 200 day MA. This does not mean that we don't bounce up from here. That is entirely possible. However, I would not try dipping here unless you really know what you're doing.. (i.e. professionals). I wouldn't expect much of a tradeable bounce until the index is below the PFP (+15%) level. The intermediate term trend has changed, and it appears that the NAZ will head back to it's 200 day MA. Support will probably be found at the 50 day MA, but as quickly as this went up, I wouldn't count on it. That being said, I'm still not sure that I would want to be short the day Slick is neutered, er I mean acquitted. It is beginning to look like the DJI ended their bull run Jan.8, exactly 3 months into the 9 month cycle. If this holds, it could be a very long 6 months for Dow bulls. BTW- The timing of this downturn, and the release of Chapter 4 of "the Road to Retirement City" was purely coincidental. -gg- BWDIK, etc. TW

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