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

To: Lost1 who wrote (34006)	11/23/1999 1:27:00 AM
From: Jorj X Mckie	Respond to of 99985

Lostdood, I agree that the NYSEBP is saying we go higher. However, looking at the BPHILO, it does look like it is getting close to reversing down, which could indicate some short term weakness. Otherwise, I am expecting a similar scenario to the one that Skipperr has proposed. I believe that Y2K sideline money will start making its way to the market as well as foreign money coming to the y2k friendlier US market. A pullback to SPX 1375 would make for a real nice launching pad going into December and the new year. JXM