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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.44

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Dec 19 4:00 PM EST

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To: pater tenebrarum who wrote (51329)	5/21/2000 10:14:00 AM
From: Les H	Read Replies (1) of 99985

An Even More Broadening Top csf.colorado.edu csf.colorado.edu This is probably the third opinion I've heard in the last week looking for a broadening top that hasn't topped yet. The other two, one a cycles guy and the other a fundamentalist, looking for the next top of the megaphone in January. Dow 12500-13500. The first cycles guy looks for a bottom in first week of June then sideways market. The fundamentalist looks for a 15-20% selloff (20-30% in Nasdaq) by July then trading range. Both look for takeoff in early Fall as Fed moves to sidelines. Fed moves back off sidelines early next year and back we go to the bottom of the slide. Helter, skelter.

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