MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

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To: Stcgg who wrote (60081)	10/7/2000 5:15:42 PM
From: Zeev Hed	of 99985

Sctgg, I think that Larry's chart support the tenet that the 52 weeks low is breached, in "non bear" market retrenchments, the $52 weeks low is rarely breached (it was "matched" only once). I do not expect a bear market yet this year, but fully expect one next year, thus I feel that by late next May, 3050, the then valid 52 weeks low, will be breached. In my "Long term scenario", I have the naz stuck in a range of 1900 to 5200 for at least another five years, and while right now, I am not sure if the first "thrust" down will get us to 1900 on the Naz, I would not be surprised if next fall will see numbers close to that. Zeev irrevolute.iuma.com

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