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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 680.28-0.5%4:00 PM EST

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To: James F. Hopkins who wrote (23751)8/24/1999 11:44:00 PM
From: Les H  Read Replies (1) of 99985
 
So far, the Nasdaq looks a lot like the April top. It looks like it could make a marginal high and then come down quickly to the base and then rally again. I had noticed it tonight on my Summation Index which has been stuck flat at the lows since the Nasdaq bottom two weeks ago. The TRINs are confirming as your data shows the lack of broad participation. At that time, the market broadened out after the quick pullback.

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