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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.08-0.8%Nov 18 4:00 PM EST
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To: HairBall who started this subject3/8/2001 4:36:15 PM
From: brunn  Read Replies (2) of 99985
 
After two years of discordance, the NASDAQ has finally made it back to being 1/5 of the DOW. For years the NASDAQ traded at roughly 1/5 of the level of the DOW. This relationship ended 2 years ago when it accelerated until reaching almost 1/2 of the DOW a year ago. We have now come full circle with the NASDAQ closing at 1/5 of the DOW--this has not been true since 1998.
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