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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: gfs_1999 who wrote (71712)	3/11/2001 3:35:17 PM
From: Doug	Read Replies (2) of 99985

gfs: Much too early for a NAZ bottom. The NAZ bottom likely to occur after the SEMI's are at a low and the communication Service group announce the first of the many consolidations indicating a trend. The NAZ and SMH seldom show divergence. The Comm Service led the Bubble and were first to implode . They will also be the first to recover . The NAZ should be at a bottom when the first of the Service group are ready to recover.

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