MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: HairBall who wrote ()	4/4/2000 3:33:00 PM
From: Crimson Ghost	Read Replies (1) of 99985

Market has indeed made an impressive rebound from the lows. But for the NAZ I would argue that since it already has rebounded so much and still is absurdly priced, it probably will not be rallying much further. Story probably different for old economy. New highs in the Dow look very probable in the weeks ahead. I would not be surprised if Dow closes in positive territory today.

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