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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (26090)	9/16/1999 4:16:00 PM
From: Matthew L. Jones	Read Replies (8) \| Respond to of 99985

Has anyone noticed that the DOW closed down for the 6th straight day! The odds against that happening are 158.6:1!! The odds of 7 straight are upwards of 600:1 against!! If we don't have an up day tomorrow, I'll be extremely surprised. I'd be willing to bet that just about anything goes up tomorrow! Maybe I should go buy some FED EX or Quintile for the bounce! But then again, when does statistical analysis have anything to do with this market? I understand the S&P 500 is sitting on it's 200 MA. If that is true, it would tend to confirm the fact that tomorrow should be a reversal. Is anyone else out there bullish anymore? The threads seem very negative as does CNBC. That also is a good sign. Matt