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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 680.73-0.2%Dec 15 4:00 PM EST

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To: HairBall who started this subject11/14/2000 10:44:20 PM
From: gfs_1999  Read Replies (1) of 99985
 
Nasdaq Comp chart since top 5000 is falling and doing
the same thing.

5000 top >>> double top
Reached a double bottom with bullish RSI 14 divergence
After that bounce back 61,8% ... 50% at 4200's

4200 top >>> double top again
Reached a double bottom with bullish RSI 14 divergence
After that Nasdaq could bounce back 50%...61% (3600)

3600 is a good number due downtrend line from 5000 and Sept
4200. This rally could last until Dec or Jan

Regards
GFS
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