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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: marcher who wrote (46418)	4/15/2000 12:49:00 AM
From: Jack Colton	Respond to of 99985

This is not too technical or anything.. just a thought. The NAZ really took off on November 1, 1999 as if to defy anything that Y2K fears might do to the markets at the time. If we take a best fit line back in time from November 1, 1999, and then extend that line forward in time, we get the chart I printed out Tuesday, April 4. If I had drawn the lines a little more horizontally, and not drifting upwards, it would have intersected the Y axis just below 3350. geocities.com Did anyone hear a big SQUISH sound today? Not a Boing, but a Squish or Splat. IF this theory holds true, then we could trade within + / - a couple hundred points of this line now for a while. It may not be THE bottom, but it puts us back into a range where the economists might consider leaving comments about the markets out of their scripts. Remember the talk of all the foreign investments and other issues pulling money into our markets because of Y2K concerns and all that stuff? That money is gone, and the NAZ can go back to normal. Unless fear, panic and stupidness sets in.