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

To: Galirayo who wrote (62472)	11/15/2000 6:50:49 AM
From: virtualsignal	Read Replies (1) \| Respond to of 99985

Hi Ray, funny thing I couldn't pick up the 200 MA on the Nas Comp chart, I c u have it selected but no can c...? Looks like the long bodies of this bull mkt start around 11/99 and this zone may mean more for the bulls to defend than something in the 2k numbers. The great bull mkt range between 10/99 to 4/00 to 11/00 is 3k to 5k to 3k with the 4k nipples area as the mid point. I thinking the mkt needs to do something in this area (above 3k) to stay in the fight. Spending time on this support line and especially below it will gradually/rapidly build fear and disgust on Main st. Below this line is a throw back to the old way the mkt works. Now if Greenie opens things up again... but not expecting it 1:~) vs