MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

+1.6%

Nov 10 4:00 PM EST

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To: Robert New who wrote (75164)	4/17/2001 4:02:17 PM
From: Wayners	Read Replies (2) of 99985

Its looking more and more like QQQ is putting in the inverse right shoulder higher low which would confirm some sort of bottom. This was also a fifth large equidistant wave down going back a year on the COMPX. The market sees something looking forward. Might be inventory reductions, an increase in orders, a flattening of average selling prices or slight increases. One interesting note in the industrial production report showed increased computer production.

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