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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.57

+0.7%

Dec 10 4:00 PM EST

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To: William who wrote (81389)	8/14/2001 10:25:44 PM
From: Zeev Hed	of 99985

William, a very nice analysis, but I would not exclude 1400 on the Naz, since it is the bottom part of the 1998 decline, and the last 15 months have been "produced" to completely erase the excess from that time to the high in March last year. I still have just a retest of the 1600 area for now, but if we breach 1600 by more than 20 naz points, I think that eventually we could bottom at 1400 as the symmetric triangle would indicate. Zeev

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