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

To: Les H who wrote (73132)	3/23/2001 9:20:10 AM
From: Natedog	Read Replies (1) \| Respond to of 99985

Everything is gapping my pre-opens.....here we go folks!

To: Les H who wrote (73132)	3/24/2001 10:31:25 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 99985

Les, I believe that the bottom here is far from being "the bottom", I would call it "a bottom" just like the January 3rd bottom (similar characteristics as well), and we now what that bottom at 2250 or so on the Naz was followed by, the February/early March massacre. I fear this rally will go to the second or third week of April, a nice rally, I have a target of 2388 on the naz for this rally (downgraded from my earlier target of 2650 mind you) and then a resumption of the bearish trend, or at least a test of the recent lows. The sectors to watch, IMHO are the semis and biotech, I believe they will give us an early signal that this is just a bear market rally by failing to follow through substantially on recent gains. Zeev