MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.07

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Jan 9 4:00 PM EST

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To: Michael Watkins who wrote (48285)	4/27/2000 4:03:00 PM
From: bobby beara	Read Replies (4) of 99985

Michael, i will have to agree with Gregory Mullineax, this rally in nasdaq in the face of bad news (both msft and the eco #s) is bullish base builiding. the relative strength chart beween the old eco and the new eco chart is starting to show bullish divergences and rounding up in favor of "new eco". 207.61.23.98 I've been watching the sox chart and wondering whether to go short or not when it hit the downtrendline, I think it is close today, a gap open tommorrow might convince me that the sox has been in a wave 4 consolidation and another leg up to new highs (in the sox anyway) may be in order. b

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