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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: pater tenebrarum who wrote (11680)	4/21/1999 11:35:00 AM
From: donald sew	Read Replies (1) of 99985

Heinz, I talking more on the terms of short-term, maybe even just intraday. Frankly, I am expecting one or 2 more upswings which could bring dow the OEX P:C ratio, before more negativity arises. Per my UPDATEs, I am expecting at least another assault upwards with a short-term top around MAY 5-6, which should produce LOWER LOWs for most indexes. Thereafter, I feel significant selling could occur. If not, the the next short-term top to occur around Memorial day. Also we could just be in a TRADING RANGE now, with no huce downside and no huge upside. If we dont sell off significantly after MAY 5-6, then most likely we are in a TRADING RANGE with approximate 4-7% swings in both directions. seeya

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