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

To: megazoo who wrote (69919)	2/21/2001 6:16:21 PM
From: Zeev Hed	Respond to of 99985

SXB, right now I am still "stubbornly" holding to 2200 as the low on this decline (and will let go of this stubborness to retreat to my next Maginot line, 1900, probably tomorrow afternoon <VBG>). The coming rally from this bottom (whether it is 2200 or 1900) is not going to be extremely rewarding, and I expect new bottoms (probably higher than this one) short term. If 1900 breaks, I have no new Maginot line till 1400, I would hate to see that scenario. I am watching the BTB in semi equip as one anchor to signal a turn around in tech land, we have reached .83, we could go as low as .6 to .7 and I expect that to take between one to three months. Once we hit that nadir in the BTB, I feel we will be ready for a good four to six month tech rally. Zeev