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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: Moominoid who wrote (11286)	4/16/1999 11:21:00 PM
From: Les H	Read Replies (1) of 99985

Another example is October 1995: decisionpoint.com Some background: 1) Market leadership was techs, most pronounced in the semiconductors. 2) There was a July top in the market in which the Nasdaq corrected about 7%. 3) The market went on to make new highs in October with poor breadth. 4) Market indexes started decline while McClellan Oscillator made two rallies. Steel, truckers, and other cyclicals were rallying. The Nasdaq declined about 10%. The Dow and the S&P 500 had even smaller declines.

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