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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: Zeev Hed who wrote (68895)	2/10/2001 4:42:38 PM
From: Crimson Ghost	Read Replies (2) of 99985

ZEEV: Seems to me there are plenty of people on this thread who do not expect a decent NAZ bounce next week. On Friday Don Hays was talking about the NAZ getting down to 2425 before a decent bounce. But I still say the bounce in the NAZ tick late Friday was impressive. As is the fact that we have not seen many new NAZ lows on this latest drop. I do agree that this will be just a decent bounce -- not a sustained rally. The AAI, Investors Intelligence and Consensus sentiment readings are much too high for anything more.

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