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


To: bobby beara who wrote (64717)12/19/2000 9:25:35 PM
From: John Rowton  Read Replies (4) | Respond to of 99985
 
JUST ABOUT EVERYONE ON THESE BOARDS ARE SUPER BEARISH.



To: bobby beara who wrote (64717)12/19/2000 9:35:27 PM
From: el paradisio  Respond to of 99985
 
How low we will go...now is a free fall, after we broke the support on Nasdaq....
oversold conditions may bring a trading range for a while or with the margin calls kicking out,the next support might be at 2370.
CSCO 37-38 and MSFT 41-43 should bring some support.
JNPR,JDSU,CIEN are still flying too high...
OEX and SPX were flat today...a positive sign, suggesting a short term pause.
Gold is still bullish in a long term...but it looks as a short term double top.
el



To: bobby beara who wrote (64717)12/19/2000 10:06:12 PM
From: Stcgg  Read Replies (3) | Respond to of 99985
 
Turn date coming up on 12/25 +/- 2 days..

I was happy to see a good flush-out today, it indicates this wave is a big 4C wave (and not a wave 3 of 5), and we won't need to continue another leg down to the Oct98 lows next year, (bear mkt scenario).. My current target for this flush remains the 2170-2300 area, which should finalize this big Wave 4 and get the Nasdaq into a Wave 5 up..

Capitulation is a beautiful thing!

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