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

To: Softechie who wrote (55658)	6/28/2000 9:38:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Softechie: Could you provide some reasoning behind your expectations...I look forward to reading them. TIA Regards, LG

To: Softechie who wrote (55658)	6/29/2000 4:42:00 AM
From: Stcgg	Respond to of 99985

Softechie - I Really Am a Bull in Disguise.. My bearish sentiment is a reflection of 2 main indicators - 1) Another failed rally attempt by the markets, led by tape painting, which left an increased number of crashed litter by the wayside.. 2) Completion of an Elliott Wave sequence indicating an abc correction to the primary bear market.. Once the Bear's job is done there will be no question in anyone's mind that we will be able to achieve new highs (with a vengeance!).. I believe that the mother of all corrections lies directly ahead over the following weeks, which has the capability of providing the mother of all buying opportunities.. As previously stated, I believe the Nasdaq can reach 6500 before the next seasonal market peak.. >><<