MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

-1.7%

Nov 13 4:00 PM EST

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To: bobby beara who wrote (48467)	4/28/2000 12:05:00 AM
From: Rock_nj	Read Replies (1) of 99985

If you want to see a chart that demonstrates how far ahead of itself the market has gotten, check out this long term NASDAQ chart. bigcharts.com The runup to 5,000 over the last 6 months was nearly straight up. There was no way that it would be sustained. I see real chart support at 2,800 to 3,000. I'm not saying were definitely going back to that level, but I would be very careful with interest rates on the rise.

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