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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: bearshark who wrote (7569)	3/5/1999 10:00:00 AM
From: donald sew	Read Replies (2) of 99985

Bearshark, >>>>>> If the globex is not wrong, the train is leaving this morning for 11000. With any luck, it will first come back to around 9450 to pick up those who missed it. <<<<<<<<< The overall market is now in the overbought region and I should be getting CLASS 1 SELL signals on MONDAY, and already have CLASS 2 SELL signals, so there should be some sort of pullback next week which could be in line with the market returning back to the 9450 range if it is to go higher. If after I get the CLASS SELL signals and it only pulls back to 9450, then that would imply that its going higher, since it would produce a HIGHER LOW. As for getting to new highs, if the market internals improve I will be turning bullish also, but I need to see the market internals improve. I feel that even if the market sets new highs without market internals improving is just saying that the bubble is getting larger. seeya

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