MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: el paradisio who wrote (61348)	10/24/2000 2:34:24 PM
From: Les H	Read Replies (1) of 99985

The broader market has lagged in the rally. I have a neutral 51-49 on the buy vs. sell signals, whereas the S&P 100 has 89% sells and the Nasdaq 100 84% has sells. Monday was the second day over the 80 percent thresholds for both index in this upturn. Friday would be last day for end of fiscal year settlement. Market seems to be speeding up since last year with each downturn. I remember seeing the signals turning over from bullish to bearish to bullish in a four weeks time in the past, and then as quickly as one week or so this summer. Now, it's only about two days. End of day is fast becoming obsolete, if not already so, owing much to the heavy sector rotation of big money.

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