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

To: pater tenebrarum who wrote (34030)11/23/1999 10:44:00 AM
From: flatsville  Read Replies (1) | Respond to of 99985
 
heinz--

The chief technical analyst(?) for CIBC Oppenhiemer was on CNBC this morning bemoaning market technicals and recommending a move to cash or 2 yr. Treasuries. He sounded direside then indicated he expected only perhaps a 500-1,000 pt. pullback in the DOW. Don't know how much of the interview I missed as I was only half-listening.

Did anyone catch what he said in greater detail?



To: pater tenebrarum who wrote (34030)11/23/1999 10:50:00 AM
From: Les H  Read Replies (2) | Respond to of 99985
 
Most people here were looking for top due options expiration or the usual Monday after. At least, for the Nasdaq to pull back to its 10-day average. For that people are labelled bearish. Even Don was labelled a bear even though he had clearly stated he was intermediate-term bullish.


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