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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 684.83

+0.6%

Dec 22 4:00 PM EST

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To: el paradisio who wrote (66603)	1/11/2001 5:00:13 PM
From: Doug	Read Replies (2) of 99985

el: Many of us have been saying the NAZ is overvalued. However facts are it keeps going up and we moving our supports to suit. Which of the 2 scenarios do you feel more comfortable with. a: NAZ has made an absolute low and is in uptrend with usual minor corrections. b: NaZ will make a new low after the 2nd interest rate cut. and then start a new up-leg. Incidentally QQQ sold off after hours ; now at 61.5 or so.

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