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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: Stephen M. DeMoss who wrote (61866)	11/5/2000 12:43:30 PM
From: eichler	Read Replies (1) of 99985

Steve, I noticed your prediction of 3700, +/- 75 for this week. This is about 75 pts above the 50% retrace from the 9/1 high to the 10/18 low and 100 points shy of the 62% retrace. Is your prediction for compx? I was just curious how you picked that number. Also, I noticed a couple weeks ago siliconinvestor.com you mentioned you could not see a forthcoming rally unless you saw what you consider capitulation and a Naz drop around 2800 approx. Perhaps I misinterpreted. I was wondering if you saw enough selling to satisfy your expectation for capitulation or if you simply have changed your mind? I'm not trying to put you on the spot, Lord knows I change my mind as situations continue to unfold <ggg>. Just trying to get a glimpse into the thinking of another player. Thanks in advance. Regards, Eichler

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