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


To: John Madarasz who wrote (37859)1/24/2000 3:03:00 PM
From: Les H  Respond to of 99985
 
Wednesday reversal and Thursday-Monday rally next would coincide with favorable end of month strategy.

Considering that the Nasdaq dropped 12% in barely 3 days earlier this month, a two-week selling climax could easily chop 30% off the index.

Looks like the three peaks and the dome is completing.

quote.yahoo.com^DJI&d=1y

IBD had good article this morning on failed breakouts. Dow has had several failed breakouts above last years April-May peak.