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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.07-1.7%Nov 13 4:00 PM EST
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To: S. Chiang who wrote (26197)9/18/1999 8:22:00 AM
From: donald sew  Read Replies (3) of 99985
 
S.Chiang,

>>>> Very good observation. I scan daily NDX further back. I just found out that 8 out of 10 trading days, it closed at either high or low of the day. Very interesting. Could be a good opportunity for making some money <<<<

I was actually referring to a basing pattern, and am more inclined that this basing pattern in the NDX may be a topping process, even though the NDX did set a new high on a closing basis.

seeya
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