MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

4:00 PM EST

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To: HairBall who wrote (51931)	5/24/2000 11:19:00 AM
From: Les H	Read Replies (1) of 99985

See quite a few industry indexes closed yesterday at previous lows support: CWX - software MSH - high tech 35 NFT - multinationals NWX - networking PSE - high tech 100 OEX - S&P 100 SGX - growth stocks SOX - semiconductors The new regional bank and utility holders coming out next week are distorting the NYSE IMO. I keep a composite index of those stocks as with all of the holdrs, and they're up 21% in two weeks since the announcement/registration of the holdrs. Other funds are buying them up as they did prior to all the other holdrs. Trendline breakout on Bank index (below is old EW chart) markets.tradingtech.com

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