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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 675.02

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Nov 25 4:00 PM EST

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To: Terry Whitman who wrote (5874)	2/9/1999 8:28:00 PM
From: donald sew	Read Replies (1) of 99985

Terry, >>>>>>> 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. <<<<<< I also feel that the DOW set its 9 month cycle high on JAN 8 at 9650. I feel that although the market appears negative I am still not seeing a massive selloff yet. I am expecting the NEW LOWS to get into the 150/200+ ramge consistently before a fierce pullback begins, if it does. So for now I will be trading both sides and I am getting ready to buy CALLs on some $50 stock, only looking for a 3-5 point pop to the upside. I too agree with you that the dipsters looking for a huge runup should be cautious; however if they are right and we get a huge runup, at least I will have some CALLs in position. Just trying to chase every ripple, both up and down. Seeya

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