MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: Haim R. Branisteanu who wrote (50946)	5/16/2000 2:07:00 PM
From: marginmike	Read Replies (2) of 99985

The NDX broke through resistence at 3580 and BKX above critical 780 level. They both point to a near term rally. Frankly the BKX told me yesterday that the market would rally to day. I was to busy hybernating to listen. The fact that BKX rallied before Fed and CPI was a give me. They are saying now market is still rallying. If 3580NDX is broken or BKX on two closses then I would start thinking down again. Unfourtunatly looks like are Tech rally is here for a whille.

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