MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

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Jan 9 4:00 PM EST

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To: Arial who wrote (46114)	4/14/2000 1:10:00 AM
From: IndexTrader	Read Replies (1) of 99985

Arial, Speaking of a 60 day cycle, I have noticed over the last couple of years that there is a 50-60 day (td) cycle in the COMPQ, but my interpretation is different than yours. Take a look at the lows of 3/3/99, 5/26/99, 8/10/99, 10/18/99, 1/7/00 and 4/4/00. www2.marketwatch.com There has always been a rally off these cycle lows and I see no reason why this time would be different. We may have more down days and certainly more chopping around, but I would not be surprised to see the Nasdaq trying to approach its old highs sometime in May. Susan

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