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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

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To: Hawkmoon who wrote (7593)	3/5/1999 11:25:00 AM
From: donald sew	Read Replies (1) of 99985

Ron, I previously mentioned that per my short-term technicals we could see a short-term top MON/TUE, but there is a chance that we could see some selling later in the day. That doesnt mean that in the mid-term we wont head higher, but it will give an opportunity to buy another dip, if the market internals continue to improve. But if the market internals return to its negative ways then we are back to range trading with the range shifting higher. Lets see how bad the NEW HIGHs/LOWs get on the forthcoming dip, so we still have time to make a decision to go long. I think it would be a bit early to initiate a new long position right now with the DOW up 200 - Im waiting for the forthcoming dip to make my decision, but for the time being, as long as the market internals stay good Im going long. Seeya

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