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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: el paradisio who wrote (69199)	2/14/2001 7:54:30 PM
From: HairBall	Read Replies (2) of 99985

COMPX-NYA-SPX Performance Chart My End of Day – Performance Chart (NASDAQ Comp, NYSE Comp, S&P 500) Daily I see I struck a nerve (which really was not my intention) on the “its not a wedge” thread…<g> with my comment about not seeing evidence of back and forth EXTREME SECTOR ROTATION from the COMPX to the NAZ in my performance chart. Of course, I never said there was not some rotation occurring. Of course, if the talking heads on TV are saying it, it must be true…<g>. A simple glance at my chart reveals the sideways action of the NYA and that says one of two things. If there is EXTREME SECTOR ROTATION going on you could not discern it by tracking the price action in the NYA as it has been trading sideways for the most part with a few blips here and there, for over two years. The blast off in the NAZ from Oct 99 to Mar 00, affected the NYA only marginally until the NAZ began to top out. Then the dramatic decline in the NAZ that followed affected the price action in the NYA very little as well. The NYA is only trading around 10 percent above its high in July of 98. marketdirectionanalysis.homestead.com Regards, LG

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