MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: HairBall who wrote (42104)	3/3/2000 12:39:00 PM
From: James Strauss	Read Replies (3) of 99985

The Market... **************** Does anyone doubt the growing strength of the broader market? finance.yahoo.com Even when the NYSE New Lows were overpowering the New Highs, the Nasdaq and BB New Highs were overpowering the New Lows in those markets which are now representing about triple the trading volume on the NYSE... Even if you allow for double posting of Nasdaq trades, the Nasdaq appears to be more representative of the market than the NYSE at this time... siliconinvestor.com Weaker employment figures hints at the FED rates beginning to take effect... Perhaps we only get one or two more rate hikes instead of three or four... The market is sensing this... Imagine what would happen if the FED takes no action at the next meeting... : > Jim

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