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

To: Stephen who wrote (46585)	4/16/2000 9:13:00 AM
From: Les H	Read Replies (1) \| Respond to of 99985

Here's an interesting chart on the Nasdaq big 5: ianforum.com A pullback to 32-33 at the 200-day moving average would be about 10% and would probably bring the Nasdaq to around 2900-3000 from current levels. That's assuming the composite goes down at the same rate of change. It would probably be a somewhat greater rate of change. Similarly, the long-term VIX chart shows there's still room to go to match the 97 and 98 corrections. tscn.com Just what are we correcting here? The run from 91, the run from 95, the run from 98, or the run from 99?