MDA - Market Direction Analysis Message Board

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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: DOUG H who wrote (81271)	8/9/2001 11:57:43 AM
From: James Strauss	Read Replies (1) of 99985

So, unless the Nasdaq can break away from the downward magnetic pull of the trendline it will keep going lower as the trendline goes lower... We are likely to see a test in the 2000 and 1940 area soon... Doug: The Nasdaq hit 1941 this morning... So far it's bounced... It's important not to break below 1940 or it could follow a lower trendline towards the 1750 area... stockcharts.com[m,a]daclyymy[pc13!d20,2!i][vc60][iLc20!La12,26,9!Lw25] Jim

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