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


To: donald sew who wrote (24351)9/1/1999 9:10:00 AM
From: Matthew L. Jones  Respond to of 99985
 
Donald,

I don't have ROC data on my day charts, however, on a full day basis July 19 and 20 were a much steeper decline according to my data. A further development is the indication of a strong cyclical market this morning in pre market trading. This indicates a flight to quality play and money coming out of the techs (IMO). I'll stay with my gap and trap theory. We'll see soon enough. Thanks for the info. I enjoy the thought process and find it very helpful in developing my trading strategy.

Matt



To: donald sew who wrote (24351)9/1/1999 6:30:00 PM
From: fedhead  Read Replies (2) | Respond to of 99985
 
What do you make of the NAZDAQ's rally and more specifically the SOX ? The internets also haven't broken down much.

Thanks
ANindo