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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.81

+0.6%

Jan 6 4:00 PM EST

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To: GROUND ZERO™ who wrote (33990)	11/22/1999 10:03:00 PM
From: HairBall	Read Replies (2) of 99985

GZ: Well I agree as well or already agreed or something...<g> I was expecting the market to top from the early part of last week to the middle of last week, Wednesday. Calling a top to this run up has not been easy. The NYA and COMPX are diverging as usual as of late. However, I believe at least a short-term top may have been put in on Thursday of last week by the SPX and the NYA, while the COMPX continued up. There may be some overshoot, but I doubt it. SPX (S&P 500 Index) Daily Semi-log Chart homestead.com Note: I am taking some time away from the computers and the markets. Happy Thanksgiving...again...see everyone next week...<gg> Regards, LG

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