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


To: Doug who wrote (71903)3/12/2001 3:53:41 PM
From: el paradisio  Respond to of 99985
 
I agree and I think, the best is to take a stand by position now...not safe to short, nor buy anything.
Tomorrow, we can have the same violent rally to the upside.
Short trend is down, but I expect a bear rally soon.
The speed of this decline is worst than in 1998...if Nasdaq will not close above 2000 this week...we are in 1974 rising channel.
This may take Nasdaq down to 1350 area easy...or even lower.

Regards,
el