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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: James Strauss who wrote (11431)	4/19/1999 1:54:00 PM
From: donald sew	Read Replies (2) of 99985

Jim, I will just try to stick to what I have had good results with which is the mid-term, and we should be seeing a bounce in the NAZ to the upside in the next few days, with the bottom arriving as early as todays lows thru tomorrows lows. My mid-term is still calling for the intermediate top by early MAY, but those longer term calls are not as accurate as my short-term calls are. I still believe there will be a correction in that time frame of 5-10% and possibly more, but should be a buying opportunity in light of the improving market internals. The NAZ has already sold off 8.7% from last weeks highs. Please keep in mind that Im calling for a topping process, not with everything topping out at the same time. As for the NAZ if we break that trendline significantly which is now around 2400 that implies further downside in the future, but who knows for sure. seeya

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