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

To: chojiro who wrote (77669)	5/31/2001 7:47:16 AM
From: Zeev Hed	Respond to of 99985

Deleted Zeev

To: chojiro who wrote (77669)	5/31/2001 8:08:13 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 99985

chojiro, I would think that this bear market rally is over and now will be capped by 2200 (I have a small rally to 2180 as a possibility), seems to have put a bottom in place, and until they go to extremes on the upside, we probably will continue the main trend, which is still bearish. Watch them marking "merchandise" up this morning. The nature of the sell off before lunch (I expect the "mark-up to be sold) will tell a lot about the rapidity of the current decline. We have the 2052 or so area, the mid May lows, on the naz as a potential bounce, but I do not think it will be very vigorous. Zeev