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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.31

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Nov 12 4:00 PM EST

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To: Gersh Avery who wrote (9385)	3/29/1999 11:42:00 AM
From: donald sew	Read Replies (1) of 99985

Gersh, >>> DAY 3 <<<. gggggggggg The RUT just became a weak CLASS 1 SELL. The DOW,SPX,OEX, just became weak CLASS 2 SELLs, and the NAZ already a CLASS 2 SELL. Per my short-term system, these CLASS 2 SELLs could morph into a CLASS 1 SELL, tomorrow if the market continues up. So the window for a short-term reversal could be as early as today into WED's highs. We do have to keep in mind that we are at the end of the month rally. Gersh, well could this peak be the last one before the stronger selling starts. Per my previous posts, I was expecting an intermediate top by the end of MAR/early APRIL, so this rally is arriving right in line. As a strategy, I still suggest that the best way to benefit is to play JULY PUTs on weaker stocks. Not to say that everything wont pull back, but I prefer to PUT stocks which have already shown technical weakness. Seeya

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