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

To: eichler who wrote (64311)	12/15/2000 9:13:38 AM
From: d_trader_99	Read Replies (2) \| Respond to of 99985

The problem is that ... The so called bottom dropped lower and lower, 3500 in March, 3100 in October, 2800 in early November and now talking about 2600. Given what the market behaved during November 30 to December 10, we should have a reversal, a real reversal, when market registered a record gain and earning warning took the stocks up. Unfortunately, the market just could not hold for itself. The market still controlled by these speculative stocks which should be punished. When these stocks face profit taking after double or triple in a week, they bring down the whole market although many have gone nowhere when NAZ jumpped from 2650 to 3000. It seems that the market will go nowhere until Fed cuts rate next week, 50 base point cut! Otherwise, ready for receassion and NAZ 2000.