MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.63

-0.3%

Dec 8 4:00 PM EST

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To: StockOperator who wrote (13408)	5/10/1999 2:09:00 PM
From: StockOperator	of 99985

Like I said based on the way the RUT traded on Friday I thought it would assault it's trading range - which it is doing as we speak. The key index to watch here imo is the NAZ. It is the one index that has already established a down trend. It is under significant pressure right now to rally hard. Which so far it has not done. Trust me when I say this index needs a big push here. Also remember the catalyst for any shakeout will be the direction in interest rates. Which unfortunately may not be resolved in a meaningful way until the 18th. Good luck trading. SO

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