MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: Challo Jeregy who wrote (26785)	9/23/1999 10:49:00 AM
From: donald sew	Read Replies (3) of 99985

Challo, Last week I mentioned that the NAZ/NDX was trading in a range for 6-7 days. With today, it is now 13 days that the NDX/NAZ has been trading in a range. So is it a basing pattern for a move to the upside or a topping pattern. Im more inclined with a topping pattern in light of the negativity in the SPX and DOW. On the other hand, the market is still in SECTOR ROTATION mode so there is still a chance that the NAZ/NDX can move up at the expense of the DOW/SPX. seeya

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