MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.89

+0.3%

Dec 3 4:00 PM EST

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To: GREENLAW4-7 who wrote (67661)	1/25/2001 8:35:00 PM
From: KymarFye	Read Replies (1) of 99985

All depends on how you want to look at things: If you want to get long-term about it, Nasdaq is right about now near the top of the same trading channel it's been in since 1990, after a brief touch of the lower line just recently, and with the sojourn into the heights last March only briefly going beyond the upper line of the even longer-term bull trend from 1975. Am not saying there isn't a long way down if things turn sour, but there's nothing unusual in the mere numbers. It's called compounding, and they have no upper limit. Try switching to semi-log charts if the proportions seem too impressive.

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