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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.31

-1.1%

Nov 6 4:00 PM EST

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To: KymarFye who wrote (62810)	11/19/2000 1:05:39 PM
From: John Madarasz	Read Replies (1) of 99985

My guess is that a new leg down on the Comp to '98 levels would require further reinforcement of the bear case: Earnings warning season in a couple weeks might be a catalyst... re: NAZ 100... left shoulders - June thru October,1999 @ 2550 area head - April 2000 @ 4800 right shoulders - Aug.- Sept. 200 @ 4000 draw neckline from late May 99 lows to 2897 stockcharts.com[L,A]WACLYYMY[DE][PB50!B200!A2897!A2550!A2300!A1990!F][VC60][IUB14!LA8,17,9] longer term view = slippery slope and another bear rally, as per Securitytrader<ggg> Regards, John Madarasz

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