MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.63

+0.4%

Nov 19 4:00 PM EST

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To: HairBall who wrote (62341)	11/13/2000 10:24:04 AM
From: d_trader_99	Read Replies (3) of 99985

NAZ has support at 2850 after breaking 3050. However, if it cannot hold 2850, the chance to rebound would small. Earning worry and plus FL fights for their president, we will have dark days until the data confirm a softlanding of economy. Unfortunately, if NAZ continues free fall, the recession near as paper wealth is vanished and people no longer feel rich anymore which will drag down demand. Now, only Greenspan could save the market when he meets his guy this week and cut the interest rate. Otherwise, we may need to wait another one, two, three years for any meaningful recovery.

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