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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST
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To: jjs_ynot who wrote (9733)4/3/1999 7:58:00 PM
From: Bull RidaH  Read Replies (2) of 99985
 
Dave,

Thanks. It sounds like you are well aware of IIX's importance in the bigger scheme of things. When it peaks and recedes, so will nearly all net stocks and the general markets.

I've got triple confirmation that it will reach 325 then die. Since it is 310 right now, it won't take much to get there. Hopefully the market will join it and cover the final 5% gain at the same rate. I expect it to be there by Friday the 9th, as that day marks a 26 day cycle high.

I believe the IIX could make its way to the 210 area, and the SPX to the 1180 area in a multi-month correction, then the bull resumes. As always, correction calls are iffy guesswork and subject to change at the first sound of rumbling hoofbeats or amorous bhumbos. <g>

Regards,

David
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