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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: Lee Lichterman III who wrote (4295)1/20/1999 9:40:00 AM
From: Les H  Read Replies (1) of 99985
 
The Nasdaq has been above the upper band of its 90% moving average envelope for the 28-week EMA for some time. It's about 6% above. Last week, it bounced off the upper band. Another interesting item is that the spread between the 21-day high (2408) and the 21-day low (2014) which is almost 20%. The largest spread was in October's rally off the lows which was about 30% ---- 1357-1769.
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