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

To: Challo Jeregy who wrote (31671)	10/28/1999 10:58:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Challo, Yep, the SPX just broke its trendline to the upside, and that is bullish. So the question is will there be enough money to move the whole market up not just certain sectors. Take a look at the NDX. I sure does appear that the NDX may be forming the RIGHT SHOULDER of a H&S formation. Im not one to put a whole lot in H&S formations but it may be a clue as to where the money may come from to fuel the DOW/SPX to the upside some more. So Im suspecting money to come out of the HiTECHs and rotate into the DOW/SPX/BKX/ETC. Seeya