MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: James Strauss who wrote (57084)	7/23/2000 11:08:56 PM
From: sidney-8	Read Replies (1) of 99985

> NDX Poised To Shoot Up... Looks like she already has. Greenspan supplied the dope and after the injections the earning reporters are slumped against the wall sinking lower every day. But seriously, I don't see much in the 5min chart. I am aware of improvements in breadth and some sort of firming up in the bond market. A weak looking dollar sorta counters this and the sell off we are getting on good news seems likely to continue. That makes a break to the norm, down. People who seem to be good chartists are calling many of the major charts to be at the least a minor top. Vix and rydex ratios and COT reports indicate the potential for a top (high potential). I just see the break to the norm as being down. I'm short. mike

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