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

To: JRI who wrote (82777)	3/7/2002 2:16:21 PM
From: marginmike	Respond to of 99985

gotto weed out the Noise, when I was short in Jan and held and held I let the NOISE get to me. Should have held out then, I think ST economic news is good and Naz will see 2200-2500 within next year before real recession occurs. My opinion that will occur when Rates back up. If rates back up quikly then my year targets will come down. However after all bottoms in 1st phase bears the market retraces 35-50% before retesting bottom(29'74'nikei etc)before retest or new lows. that would put Naz at 2100-2600 in a fairly fast time frame. I am on the lower end of those estimates at arround 2200. I like Qcom and Msft to play that rally. Both have led the market down, and expect them to lead it back to Bear rally highs. JMHO though BWTFDIK