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

To: el paradisio who wrote (57017)	7/21/2000 9:10:39 PM
From: Zeev Hed	Read Replies (4) \| Respond to of 99985

El, as for the general market, I do not have "crashing" for the next few months, last Friday I had this week as a "weak" one, mostly due to expiration and too many calls in the money, but the max downside I had was no worse than just a short trip under 4000, we did not even go under 4050. The turnips will reverse to bearish only if we close under 3865 on the Naz and 10400 or so on the )and that one is a little far for "comfort"). I have next week with a bias up and 4500 sometime in August. If the critical levels mentioned are not breached, I see no reason that that the general scenario for the rest of the year posted here April 23rd will not evolve more or less as laid out. For better or worst, I used todays weakness to reestablish most long positions. Zeev