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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST
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To: HairBall who wrote (40452)2/16/2000 4:25:00 PM
From: Crimson Ghost  Read Replies (2) of 99985
 
Still looks to me that the next major move will be down. And that applies in triplicate for the NAZ. As Don Hays says in his the latest commentary (yes he is as bearish as ever) the market now looks like a slot machine giving most players back a buck for every $2 taken so as to keep them in the game until they are really cleaned out.

I suspect the Dow will break below 10,000, but not by a hell of a lot. But the NDX could easily drop to the 3000-3200 area before too many moons have passed.
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