MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.97

-0.3%

Jan 30 4:00 PM EST

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To: bobby beara who wrote (64148)	12/11/2000 7:43:06 PM
From: Square_Dealings	Read Replies (1) of 99985

<<the nikkei retraced all the way back to the 87 crash off the failing rally, would be the 98 crash equivalent for nasdaq,>> Correct. I am assuming that if the pattern holds the Naz would end up at 98 lows sometime in the next few months. The fall of the Nikkei from 39000 to 20000 is equivalent to the Naz 5000 to 2500 drop. Then the Nikkei moved up to 27000 which would be the same as Naz to 3300 or so. The patterns so far are very similar when plotted on the same time scales. Even the little double top prior to the last drop. beara you didnt turn ranks and go bullish on us did you? <g> M.

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