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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.70-0.3%4:00 PM EST

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To: HairBall who started this subject10/7/2000 1:25:55 PM
From: Stcgg  Read Replies (4) of 99985
 
We Could be Looking at 700 Pts Lower on Nasdaq..

This bear market may not end until the Naz reaches a 52Wk low according to this chart.. The 52Wk absolute low occurred on 10/18/99 @ 2632 with a 52Wk closing low recorded the next day @ 2689..

Do we have another 672 - 729 points left to the downside? Here is the analysis that has held since 1987..

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