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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 684.45+0.1%4:00 PM EST
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To: Doug who wrote (67635)1/25/2001 3:01:35 PM
From: Crimson Ghost  Read Replies (5) of 99985
 
My take is a bit different. I see the techs in the middle of a strong bear market rally. But since they went up too far too fast we are having the inevitable reaction. People are learning the hard way that this is NOT a replay of the 1998 takeoff.

That said I still expect the NAZ to break 3000 once the Johnny come latelys have been shaken out. Don Hays who has been very very accurate on this bear is talking about a NAZ bounce to 3000-3200 before the primary bear trend reasserts itself. And our own LG has been talking about slightly higher targets.
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