MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: Fun-da-Mental#1 who wrote (52670)	5/31/2000 9:28:00 PM
From: OldAIMGuy	of 99985

Again this week my indicator has shown further decline in market risk. aim-users.com The NASDAQ Hi/Low Logic index (Norman Fosback) is well into bullish territory and is usually a pretty good short term indicator (three to six months out). With only a handful of new highs last week there were nearly ten times as many new lows posted on the NASDAQ. When EVERYBODY hates the market the contrary view is that we've nearly reached the bottom of the cycle. Best regards, Tom

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