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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

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Nov 21 4:00 PM EST

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To: Sun Tzu who wrote (7265)	3/1/1999 9:35:00 PM
From: stockycd	Read Replies (1) of 99985

All, I ran across something interesting tonight in my chart studies... I've plotted the DJIA/NASDAQ Comp since 1996. Since 1996, the quotient of the to the DJIA/NASDAQ Comp, zig/zagged between ~5.5-~4.5. As of the first of December, this has not been the case. We have been on a down slope with today's reading about 4.1. My charts and indicators are suggesting that we should start moving back toward the 4.5 area. This means one of 2 things, DJIA flat, NASDAQ lower, or DJIA higher, NASDAQ flat. Most probably, we will see a combination of the two which will not manifest itself for a couple of months. I am going to do more analysis and will post any significant findings. Chris

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