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

To: William who wrote (81389)8/14/2001 10:25:44 PM
From: Zeev Hed  Respond to of 99985
 
William, a very nice analysis, but I would not exclude 1400 on the Naz, since it is the bottom part of the 1998 decline, and the last 15 months have been "produced" to completely erase the excess from that time to the high in March last year. I still have just a retest of the 1600 area for now, but if we breach 1600 by more than 20 naz points, I think that eventually we could bottom at 1400 as the symmetric triangle would indicate.

Zeev


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