MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.73

-0.2%

Dec 15 4:00 PM EST

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To: Doug who wrote (73095)	3/22/2001 7:33:33 PM
From: el paradisio	Read Replies (2) of 99985

You are right...I think, SOX may start the final correction soon, with AMAT at 51-52 and INTC at 30-32 Could be INDU short term bottom.... From technical view, INDU and NYA look much better than Nasdaq. Every sharp decline in a short period of time, does not produce too much technical damage. Today NYA closed with the bullish candle, tomorrow should be confirmation. I think, this correction is far from over, but rallies are very likely... Now is a good time for it...results are coming. How I see it....NYA correction must end first, after Nasdaq should follow. Regards, el

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