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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: J. P. who wrote (16414)6/8/1999 11:01:00 AM
From: pater tenebrarum  Respond to of 99985
 
J.P., i noticed the action in MSFT - and i agree that this adds some confidence that the rally in the nasdaq may continue for a while.

regards,

hb



To: J. P. who wrote (16414)6/9/1999 11:23:00 AM
From: J. P.  Respond to of 99985
 
Message 10031733

Microsoft now up 3 RTQ, nearing 83, which has been the resistance level and also happens to be the 50 DMA. The nasdaq certainly did not rally yesterday, and held it's downtrend line, but I think a wedge is forming where it's going break one way or the other.