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

To: jmac who wrote (60218)	10/9/2000 2:23:11 PM
From: Saulamanca	Read Replies (1) \| Respond to of 99985

LOL He might have called the bottom.<g>

To: jmac who wrote (60218)	10/9/2000 4:28:40 PM
From: Techplayer	Respond to of 99985

jmac, The tone of last week's commentary was the least bullish that he has been all along. This reduced Nasdaq estimate is far more realistic than his previous estimate of 5500. It will be interesting to see if strong earnings and future guidance by the new tech leaders will be enough to dispel the negative effects of oil prices, Mideast unrest and weak international currencies going forward. If so, we should see another fall run in the Nasdaq. Since 4300 is the top of the trading range, it seems to be a reasonable estimate. tp