MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 692.76

+0.5%

4:00 PM EST

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To: Tom Pulley who wrote (83935)	9/5/2003 7:01:30 PM
From: Rock_nj	Read Replies (1) of 99985

That's funny, I was just about to post to this thread. It does look like the market is getting tired and making a near-term top. I guess your market modeling is telling you the same? No doubt, the market is overvalued here. But, I'm not sure how far it will correct. 10% here would only bring the NAZ back to the 1650 range. I think the fair value for the NAZ is closer to 1500.

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