MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: JRI who wrote (69722)	2/20/2001 3:59:33 PM
From: Doug	Read Replies (2) of 99985

JRI: I dont believe that the NAZ can be propelled higher just by day traders. It needs a big infusion of Investors. Those Investors are not likely to make any bets so early in the game. In a sector bear, the bottom is reached half way thru the cycle. The cycle itself is still not clearly defined vix is it a 8 th or 12 mth cycle and did it start in end Dec or in Oct. In any case what is certain is that we are well entrapped on a down leg.. Most Comapnies are calling for the end of this cycle to occurr in Q4.. based on that , the low of the NAZ should occur in in the 2nd Q. Sure, there will be some minor technical rallies which can be very profitable provided positions are closed daily. A stop loss cannot save you when there are these huge gap openings. Good luck.!

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