MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.00

+0.2%

Nov 11 4:00 PM EST

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To: Les H who wrote (51677)	5/22/2000 5:18:00 PM
From: James Strauss	Read Replies (1) of 99985

Today was the first time since mid April that the Nasdaq volume has moved above the average daily volume. The flip side is that the average has fallen down to around $ 1.5B. Good observation Les... Moving above average daily volume with the strong close we had might be suggestive of a rally within the context of a Bear market... 3200 to 3400 on a closing basis, looks like the trading range for now... But, all this could change with a pick up in volume... Jim

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