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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: bobby beara who wrote (79219)6/25/2001 11:36:09 PM
From: xu, b.  Read Replies (2) of 99985
 
Bobby,
I am with you. A test of 2100 for NAZ is very possible and it will be a good short sell opportunity. This is a high profit/risk ratio play. Target is 1600-1800. The fundamental analysis suggests a possible overshot to 1400. It's very intersting to compare the NAZ with Jpn market when the bubble there busted at ~40,000. The zero interest rate that the Bank of Jpn adopted did not help to bring back the bulls.

A regular update of the market view is posted at:

geocities.com
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