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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 687.01-0.1%Dec 30 4:00 PM EST

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To: HairBall who wrote (41086)2/23/2000 5:00:00 PM
From: Fun-da-Mental#1  Read Replies (1) of 99985
 
Re Question for the thread: If we gap up to a new high at the open then I expect an extended rally in the Nasdaq, otherwise not. That's my guess based on this chart:

207.61.23.98

Rallies in the past few months have either come as V-bottoms after multi-day declines (not the case now), or else they started with a gap up after a period of stagnation. If we gap up tomorrow we'll fit that second pattern.

Fun-da-Mental
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