MDA - Market Direction Analysis Message Board

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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: marginmike who wrote (49890)	5/9/2000 12:59:00 AM
From: el paradisio	Read Replies (2) of 99985

Marginmike, I don't think that Russel has bottomed: stockcharts.com!B200)(VC60)(IUB14!LA12,26,9!LC2) There will be a few small caps,which can bounce,but general picture is very weak. A stock picker market. Telecom and pharma looks interesting,but still questionable. Don't count too much on WCOM, resistance around 50,dead meat until the merger. QCOM,depends on China,but chart is weak. Naz may not go to 2500,but 2870 is likely and after,it will take time to regain the confidence. Everything is possible in mania,but I do not see 5000 for the next few months. el

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