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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.43+0.2%Dec 2 4:00 PM EST

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To: bobby beara who wrote (66523)1/11/2001 9:28:36 AM
From: el paradisio  Read Replies (1) of 99985
 
Short term top in telecom is coming...5 waves are almost done,
but long-term...this is first wave up. I'm tracking WCOM and it looks,that any pullback to 17 1/2-18 is the next buying point.

NDX=WCOM divided by 100 with 3 month delay...

If you take CSCO,QCOM,YHOO.. in % of NDX and the recent downgrades...you should see,that the worst is almost over.
Regards,
el
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