MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (1832)	12/9/1999 7:21:00 AM
From: fut_trade	Read Replies (3) of 19219

Nasdaq continues to strengthen. New highs are at the highest level since April. The NYSE is a battleground with increasing new highs and new lows. I think the Nasdaq still has a few days of continued strength. Eventually it will need to rest, but not now. There is a curious divergence between the the Nasdaq Comp and the NDX. New highs on the NDX are in a downtrend while new highs on the Comp are in an uptrend. Apparently some $$$ are flowing from the Nasdaq giants to the smaller companies.

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