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

To: Crimson Ghost who wrote (67632)1/25/2001 2:00:22 PM
From: Kemo Sabe  Respond to of 99985
 
Sure wouldn't buy it back if SOX 692 doesn't hold...



To: Crimson Ghost who wrote (67632)1/25/2001 2:29:29 PM
From: Stephen M. DeMoss  Respond to of 99985
 
George, Based on what do you doubt the Naz will have a big move down? Charts? Guts? As much as I was expecting a pullback 'sometime', I am a little surprised at how the Dow reacted well to AG's comments and the naz made this turn down. Seems 2811 and 2826 was resistance today for the naz, 2800 was a support of sorts, but now what do you see as its next support? Thanks for your input. Steve D.



To: Crimson Ghost who wrote (67632)1/25/2001 2:44:22 PM
From: Doug  Read Replies (2) | Respond to of 99985
 
George: Currently, all of us agree we face a COMPX downleg. Its magnitude depends on ones perception of Economic cycles and where TECHs place on that curve.

As the TECH's mainly depend on Corporate America, their upleg can only start when the market is sure that Corporate America is healthy and is cash rich to start another cycle of TECH buying.

That is certainly not tomorrow or next month.


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