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


To: Michael Watkins who wrote (67752)1/26/2001 7:18:16 PM
From: Moominoid  Read Replies (1) | Respond to of 99985
 
I don't see the room for a MAJOR move down in the very near future from a technical point of view.

On this monthly NAS the only analogous situation is in 82 when there was a new move lower with the stochastic already close to bottom:

siliconinvestor.com

That could just happen but I think the medium term up move is the more likely.

David