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

To: Crimson Ghost who wrote (68944)2/11/2001 9:48:14 AM
From: Yiota  Respond to of 99985
 
To all, this is what I see...the Nasdaq will fall more tomorrow it will hold the 2,400's. Then come Tuesday Feb 13 all the way to Feb 23rd, we will see a strong rally, a rally that will take the Nasdaq as high as 3,000's.

Notice the Nasdaq Comp Chart, there is an inverse H&S forming.
Nov 30th is the left shoulder.
Dec 20 all the way to Jan 3rd, is a triple bottom head, already put in place.
Now we are witnessing a right shoulder forming at 2,400's, this is happening on low volume.

I wouldn't be short this market now, to risky, you are better off going long.
The Nasdaq will test it's 200dma, by April.

Good Luck

Giota



To: Crimson Ghost who wrote (68944)2/11/2001 10:50:04 AM
From: marginmike  Respond to of 99985
 
AGree 1000%



To: Crimson Ghost who wrote (68944)2/11/2001 2:04:45 PM
From: Square_Dealings  Read Replies (1) | Respond to of 99985
 
George,

We're already there imo. Bulls at 61.8% last week. Everyone is in thats getting in.
People buying because the charts say oversold, crashes happen from oversold levels not overbought.

M.


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