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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.04

-1.7%

Nov 13 4:00 PM EST

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To: bobby beara who wrote (6930)	2/24/1999 10:55:00 AM
From: StockOperator	Read Replies (2) of 99985

bb, SO, don't get "married to the bull"'g' Thanks bb. But thats not my style. From the beginning of this rally that started in Oct. my long term opinion has been bullish. Simply because the long term trend has remained bullish. I try hard not to read into what I'm seeing. Which is why my opinion, the past couple of weeks, has been increasingly more cautious. Especially with the intermediate term trend being taken out. I know this breakout could very well be some sort of trap. Thats why I usually like to point out that its the close on Friday that matters most to the overall trend. That and close observation of the patterns developing on the individual charts. Besides during the past couple of months on this thread the bull has been the bridesmaid. The bear is the one thats been sick on Champagne. <gg>. Just keeping the scales balanced. Good trading. SO

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