MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.76

-1.1%

Dec 12 4:00 PM EST

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To: HairBall who wrote (33931)	11/22/1999 8:57:00 AM
From: HairBall	of 99985

To All: I expected a retrace of the current rally to begin by the middle of last week. My indicators are now even more extended. This rally has been parabolic in nature and with high volume. I do not think this move will last until Dec 2 for the cycle top posted on MDA this weekend. As my indicators are now over extended the expected retrace could begin at anytime. Take a look at these charts and make your own mind up, is this retrace overdue? QChart - COMPX (NASDAQ Composite Index) Daily Semi-log Chart homestead.com QChart - NYA (NYSE Composite Index) Daily Semi-log Chart homestead.com Good trading... Regards, LG

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