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

To: Les H who wrote (39702)	2/11/2000 12:08:00 AM
From: Michael Watkins	Respond to of 99985

That's quite the move TYX has made down below and then strongly back up across its trendline... also dating back to Oct 98. Haven't posted today's charts but also noted that New Highs on Nas was only marginally higher than yesterday, and no where near the peak reached earlier. Not my favorite divergence indicator, but telling just the same. A perfectly diabolical scenario would have the Nas futures selling off prior to the open (Friday or Monday) causing the COMPX / NDX to gap down on the open... a nice reversal pattern.