MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.79

+0.6%

Jan 6 4:00 PM EST

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To: Stcgg who wrote (57444)	7/31/2000 7:51:07 AM
From: Techplayer	of 99985

Stcgg, Since everyone is throwing straw into the wind, I will predict that this Nasdaq swoon is playing out according to script and that within 30 days, positive comments will return to the tech sector since the big guys will have taken their positions. The Nasdaq will then resume an upward trend, again wiping out all thought of a crash. This is why I went short the high fliers and will cover when/if the Nasdaq reaches the 3500 area, though that might be 250 points early... I am basing this on the charts over the past 2 years. This is an election year. Painting the tape should not be that far fetched. tp

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