MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: Yogizuna who wrote (71267)	3/5/2001 2:35:11 PM
From: Wayners	Read Replies (2) of 99985

QQQ is a good 20% to 25% below its 50 day moving average. This has been an oversold level many many times over the past year. Volumes have also been way up over the past two weeks so looks like a capitulation to me.

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