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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Square_Dealings who wrote (45156)4/5/2000 8:05:00 PM
From: SouthFloridaGuy  Read Replies (3) of 99985
 
Technical Analysis alert: 13 day and 50 day moving average on Nasdaq are going to cross this week (unless Nasdaq rallies above 4500 within two days) - the first time since September 1999.

This is a negative sign for the technicians and signifies medium term weakness in the markets. In other words, if you think the Nasdaq is already "down" think again.

clearstation.com
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