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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: Haim R. Branisteanu who wrote (43195)	3/15/2000 6:00:00 PM
From: bobby beara	Read Replies (1) of 99985

>>>I question why the SPX is wildly up and the NAZ down.<<< Haim, breadth was strong, and the spx tech component of the nasdaq was probably about flat today, most of the selling was in the highly speculative issues, which have been doing most of the work in the nasdaq on this last run-up from 2/22. I think nasdaq is headed toward 4300 area before a decent rally, thats where the 20 day band, the uptrendline from october 99 and the double bottom after the early feb breakout. b

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