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

To: d_trader_99 who wrote (64313)	12/15/2000 9:27:28 AM
From: eichler	Read Replies (1) \| Respond to of 99985

Shangnan SHUI Thank you for your input. I will not be unloading shorts and flipping long unless I see a reversal in the works on the intra-day time frames. Extreme caution is warranted at this point. I am currently convinced of one thing only: A case can be made for a bounce no lower than 2631 compx, or for continued weakness. Best thing is to let Mr. Market show us on the charts what happens if/when we get there. My understanding at this point THANKS to the many contributors on this thread (and they say MDD is dead! Ha!) is that if 2631 (78%retrace EWT) does not hold....Look out below. Your skepticism is very much warranted. As far as a rate cut, from what I garnered from other threads and posters, very much unlikely at this point. Thanks for your thoughts. Regards, Eichler