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


To: Les H who wrote (70218)2/23/2001 10:29:12 AM
From: Tunica Albuginea  Read Replies (1) | Respond to of 99985
 
Les, if we get shocked by CPI next month, is Naz going
to 1500?
We all look for a " rational, support level' " for Naz
at anywhere from 1800 to 1900.
But that assumes that folks are going to " behave", " rationally ".
Yet we all know that in a panic situation, folks don't behave
rationally.
1829 was not " rational ".
I wonder if wee get an overreaction to the 1800-1900 drop
and drop further than expected, especially when we see the morons
in Washington,
Democrats AND Republicans, play the guitar while
the market is falling apart,

TA