MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.57

+0.7%

Dec 10 4:00 PM EST

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To: SouthFloridaGuy who wrote (80262)	7/15/2001 9:41:54 PM
From: t2	Read Replies (1) of 99985

That comparison of the Nikei and Nasdaq has been very interesting. I remember Ron Insana (CNBC) doing this early last year at the Naz peaks--near 5000. He must have gotten a lot of hate mail for that. The similiarities in the chart pattern were just absolutely unbelievable, even when the Nasdaq was hitting highs. The big difference seems to be the time factor; the Nasdaq moved down very fast while it was a very slow process for the Nikei. It also seems that investing in the US market has become routine or a way of life whereas it seems it was only an experiment for those who got into the Nikei back then. That could be a key difference. Do you have an opinion on the Nikei? Is it bearish as well? BTW--I am betting on a big recovery in the Nikkei and a pretty good move in the Nasdaq. My two favorite markets at this time. Still not willing to bet on big year end rally on the Naz but at least a significant move up in the near term.

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