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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: el paradisio who wrote (45660)	4/11/2000 11:21:00 PM
From: Square_Dealings	Read Replies (2) of 99985

<<As long as IND will continue up NDX should recover at least to 4150.Now NDX is to weak to do anything by itself. If IND will start to decline,which is very likely (TRAN,DRG are facing resistance),I do not see what force will push NDX up.>> So far it seems they have to sell the old economy stocks to buy the NDX so I am looking for weakness in the DOW to confirm some short term rotation by the big boys into the NAZ. So If I see the NDX moving up while the DOW is going down then Im going to assume it started (at least short term). At least thats the way the roller coaster rotation has been playing out over the last few weeks from my perspective. I think money bouncing between the old and new, without a lot of new money going in to either. Eventually I think once the old economy stuff is topped out and theres no place to go, both (tech and old economy) will go down together. M.

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