MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: t2 who wrote (78362)	6/11/2001 12:09:37 AM
From: bobby beara	Read Replies (1) of 99985

It appears both of you are calling for a severe drop in the Nasdaq on a technical call starting this week OR at least very near term.>>>> nv, i believe that there is some evidence that is mounting that this is a nas bear market rally and we should have a minimum a partial retest of the lows, the point of time where we break out of this range is impossible to call, but i think we might have to consider that if we do not turn up from fridays debacle and the bulls fail to take control, that we have put in a lower high, in a new downtrend, this is my thinking right now, but i would not put a lot of risk money either way, i'm thinking of buying a cheep october straddle and going to the beach for the summer -ggg-

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