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


To: Zeev Hed who wrote (68834)2/9/2001 9:52:22 PM
From: iod_sherwood  Read Replies (3) | Respond to of 99985
 
and the catalyst for your rally would be?



To: Zeev Hed who wrote (68834)2/9/2001 10:30:12 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 99985
 
Zeev:

I will be very quick to take profits if I am right. In these markets one cannot count on rallies lasting very long.

BTW, the NAZ 10-day arms closed more oversold today than at the December low.



To: Zeev Hed who wrote (68834)2/10/2001 5:33:24 AM
From: puzzlecraft  Read Replies (1) | Respond to of 99985
 
The low 2000's is consistent with a trend line connecting the bottoms since 1990. If one views the 1995-2000 Nasdaq surge as a bubble that needs to be completely unwound, then a trading range between 1500-2000 is indicated.

custompuzzlecraft.com

In my opinion, some of the 1995-2000 acceleration was justified based on the expanding technologies - and anything below 2000, is a "historical" buying range.

A long chart of the Nasdaq Industrials suggest that we are already exploring undervalued ranges.

custompuzzlecraft.com

I drew the trendlines on the charts.

John