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

To: john722 who wrote (76713)	5/9/2001 3:21:19 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 99985

The 1850 (actually 1848) was 2/3 "give back" of the expected advance of 630 naz points from 1620 to 2250, corrected for the actual "model low" of 1638 (which we had prior to the early April decline), or add 210 to the 1638. For that target to have been correct, we should have reached intraday the 2250, we did not, so I may have to correct that intermediate low as well. By the way, the model has a bifurcation (meaning, it could be just a weak bounce like the February 28 mini bounce, leading after a weak or two to more severe declines, or a real strong bounce to challenge not just 2250, but 2388 as well) at that point which depends on the behavior of the tic and trin on the way down. Zeev