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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.19-0.8%Nov 18 4:00 PM EST
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To: HairBall who started this subject1/26/2001 12:51:33 PM
From: Crimson Ghost  Read Replies (2) of 99985
 
Don Hays said this morning that the NAZ has peaked short-term and looks for the index to drop to the 2500 area over the next 5 weeks. He bases his analysis on the action of the Nikkei at the equivalent stage of its big bear. But still looking for a rally well over 3000 in the second quarter.

Guess the time has come to sell NAZ rallies and build up cash for a better buying opportunity down the road.
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