MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 675.02

+0.9%

Nov 25 4:00 PM EST

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To: donald sew who wrote (13393)	5/10/1999 12:21:00 PM
From: j.o.	Read Replies (3) of 99985

I think that the NAZ is going to make a push higher...but it looks like the DOW will not be far behind. A number of the flashy techstocks like AOL, EGRP, and SCH look to be breaking above key resistance (I am looking at a 10-day chart with 15-minute intervals). Seems that SO might really be on target. If we begin to show strength from here, we could see a powerful upswing, I think. According to the charts I am watching we have held the medium-term S&P uptrend nicely (I get it around 1320), and look poised to head for 1410 or above. Any thoughts? I have been neutral/bearish for the past month, so perhaps I am acting as a key reverse indicator... <g> j.o.

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