MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Zeev Hed who wrote (68834)	2/10/2001 5:33:24 AM
From: puzzlecraft	Read Replies (1) of 99985

The low 2000's is consistent with a trend line connecting the bottoms since 1990. If one views the 1995-2000 Nasdaq surge as a bubble that needs to be completely unwound, then a trading range between 1500-2000 is indicated. custompuzzlecraft.com In my opinion, some of the 1995-2000 acceleration was justified based on the expanding technologies - and anything below 2000, is a "historical" buying range. A long chart of the Nasdaq Industrials suggest that we are already exploring undervalued ranges. custompuzzlecraft.com I drew the trendlines on the charts. John

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