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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.52-0.3%4:00 PM EST
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To: HairBall who wrote (64760)12/20/2000 11:41:37 AM
From: Sweet Ol   of 99985
 
Great chart LG!

I would think there is likely to be a bounce off the lower 90 RTC before it is breached and the 74 RTC comes into play. Another 10% drop to get there may wring a lot of excess out of the NAZ. There are only a few stellar performers (e.g. CSCO) propping it up now and they are starting to come down.

Thanks again for the great picture.

John
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