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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%4:00 PM EST

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To: Zeev Hed who wrote (63260)11/28/2000 4:31:13 PM
From: Crimson Ghost  Read Replies (2) of 99985
 
Recent action shows that the NAZ explosion was indeed a bubble -- perhaps the greatest in history. The Don Hays projection of NAZ below 2000 does not look so crazy now.

There will be bounces, but the NAZ may not find its ultimate trough until it falls low enough to attract value investors.
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