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

To: Zeev Hed who wrote (80260)	7/15/2001 9:24:31 PM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 99985

Zeev, excellent analysis and you are not the only one who shares this view. I was doing some chart reading today (actually comparing Nasdaq to Nikkei 1991 for the umpteenth time) and I just cannot believe that there are still so many bullish prognosticators. The parallels are uncanny. As far as I am concerned, whether one uses Elliot or simple TA, any move towards the 200 day MA (on the SP 500 or Nasdaq) should be viewed as a gimme short. The move of the April lows has been met with exactly what you say, lower highs and lower lows. This is a pattern that cannot continue without some type of (ugh) capitulation. All IMO.