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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%4:00 PM EST
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To: donald sew who wrote (538)12/5/1998 4:31:00 PM
From: HighTech  Read Replies (2) of 99985
 
So what the conclusion from this data?

Not sure that any definitive conclusion can be drawn here, just a chance that the markets, especially the naz100, may be nearing at least a short-term high and are overbought. Since I started keeping track of these this year, I don't know what the past has shown.

This market seems toppy and has come too far too fast for my taste. But it does what it wants regardless of how I feel and may reach 10,000 next week. -g-

HiTech
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