MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: donald sew who wrote (9589)	3/31/1999 5:25:00 PM
From: J. P.	Read Replies (3) of 99985

Don, what is your opinion on this: Re: Nasdaq If you look back on the nasdaq since 1995, the cycle is always off the 200 day moving average. 6 times in a row, the Nasdaq has cyclically bounced off it's highs back to the 200 day moving average, before moving up to new highs. finance.yahoo.com^IXIC&d=5ym We are now sitting near the Nasdaq high, approximatly 500 points above the 200 day moving average, and moving into the traditionally weakest quarters for technology stocks. Why should this cycle be any different from the last 6 cycles? If we hold true to past form, the Nasdaq Composite should correct down to around 2000 or so.

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