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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: James Strauss who wrote (11233)	4/16/1999 12:10:00 PM
From: donald sew	Read Replies (1) of 99985

James, Just playing devil's advocate. A broadening in the market is normally a good thing, but if that gets extended that may also be a sign for a correction. The old saying is that the small caps and cyclicals are the last to move up. When I first started trading in APRIL of 1996 I came into the market when the micro,small caps,NAZ were running up hard. If I recall correctly the small caps were really running hard in APRIL and MAY while the DOW was relatively flat. Then the correction started around JUNE into JULY. seeya

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