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

To: Lee Lichterman III who wrote (21280)7/28/1999 12:45:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
the QQQ did not lag yesterday as far as i can remember - on the contrary, it traded at a hefty premium for most of the day. i believe this can be attributed to a)short covering and b) expectations that the NDX will go higher.

regards,

hb



To: Lee Lichterman III who wrote (21280)7/28/1999 12:47:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
Lee: OEX...I don't see a H&S, but I don't have much faith in those patterns so I am not the one to ask. I do see a rising trading channel that could be viewed as a bearish flag.

It can be seen on the 5, 10, 15, 30 bars.

What my indicator stocks are doing at this moment in time:

INUTS: All five up
NASDAQ: Four up, one down
DOW 30: Three up, four down, one unchanged
DOW 20: One up, two down
DOW 15: One up, two down

Regards,
LG


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