MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.83

+0.3%

Dec 3 4:00 PM EST

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To: MonsieurGonzo who wrote (32123)	11/2/1999 6:50:00 PM
From: donald sew	Read Replies (1) of 99985

Steve, Subjectively, it appears that the goal for the NAZ to close above 3000 is holding parts of the market up. Once/if we do close above NAZ 3000 then some selling should step in. Its just important to note that the NAZ is moving up at the expense of the DOW, so SECTOR ROTATION is alive and well. It does need to do it soon before the next bad economic news whenever that is. From what I here the next important economic news is on FRIDAY, so I will just box it again at that time. Wish I had a crystal ball. gggggggggggg ITs a PING-PONG MARKET. ggggggggg seeya

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