MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.56

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Jan 20 4:00 PM EST

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To: westes who wrote (51903)	5/24/2000 3:41:00 AM
From: sea_biscuit	Read Replies (1) of 99985

Anything between 2800 and 2000 is probably a reasonable place. Anything below 2000 and I predict you will see a swarm of buyers descend on this market like locust on a fresh crop. Personally I don't think we stay anywhere near 2000 too long, if we even get there. Personally, I think that when we do bottom and reverse direction, it won't be a quick climb up. If anything, it will be slow and agonizing. And 2000 on the Nasdaq seems just about right. Unless it pulls the Dow along to 7500 or so, in which case 1500 is where it should be.

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