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

To: Les H who wrote (64466)	12/17/2000 11:25:39 AM
From: Gary Burton	Respond to of 99985

Some near term downside targets that might induce a stop and reverse trading rally--all ranges +/- a few 1/8ths----INTC 29-30(but 36 will then cap it)....MSFT 41-44....CA 19-20....ALTR 17-19....LSI 16ish...LVLT 21-23....JDSU 42-45....BRCM 65-75....AMAT 34-35---GX 10-11...Naz COMP 2300-2450 by year end....SOX 460-490 by year end------latter based on my reading of EW counts fwiw. Some targets are close, some are still quite far down (ie still too risky). My strategy is to hope that 2500 falls and that SOX is near 500ish and only then start to look to see which individual tech stocks are closing in on downside targets to induce me to go long. Based on looking at the individual tech charts, I will be surprised if NazComp2500 holds btw. We shall see.