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


To: GROUND ZERO™ who wrote (34074)11/24/1999 8:24:00 AM
From: Lee Lichterman III  Read Replies (2) | Respond to of 99985
 
Well I don't know which way this is going to be honest. Market internals are horrible. I mean we are so close to highs inthe SPX, NASDAQ, Russell and within spitting distance on teh DOW yet we have 317 new lows and yesterday's declining volume beat advancing volume 3-1. This makes me more bearish than I originally was.

On the other hand, despite futures being down right now, the dollar broke through 101 last night which should help the market. charts.quotewatch.com

WAtching closely but I probably won't do anything until Monday morning now. I closed out my XAU position yesterday so I am back flat.

Good Luck,

Lee