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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 687.57+0.7%Dec 10 4:00 PM EST

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To: HairBall who wrote (42118)3/3/2000 1:06:00 PM
From: James Strauss  Read Replies (2) of 99985
 
Critical time, will the upper trend line hold or is the NAZ off to the races again...time will tell.

LG:

I believe the Naz is off to the races again... The New Highs on the Naz are overpowering the New Lows... Up Volume is overpowering Down Volume... A sure sign of health...

More and more people are realizing that the Nasdaq represents America's future... And... Now with heavyweights like Dell, Microsoft, Intel, etc., it has the credibility to be a market leader; not just something to call attention to a speculative frenzy at market tops... Buying the Nasdaq blue chips has been a successful strategy for those willing to break away from the old NYSE aura of invincibility...

Jim
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