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


To: James Strauss who wrote (42122)3/3/2000 1:21:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
Rhetoric aside, I show new highs for Nasdaq having dropped about 150 from Wednesday's activity. This is in contrast to last Friday's big Dow/NYSE drop which was accompanied by a drop of 100 in new lows for the NYSE. This would argue for a minor pullback early next week as did the lows disparity argued for a rally.



To: James Strauss who wrote (42122)3/3/2000 1:24:00 PM
From: Michael Watkins  Read Replies (2) | Respond to of 99985
 
James

... Up Volume is overpowering Down Volume... A sure sign of health...

Don't know where you get your figures from, this is yesterday:

!NQ-A, 2048, NASDAQ ADVANCED SECS
!NQ-D, 2239, NASDAQ DECLINED SECS
!NQ-AV, 11089.4004, NASDAQ ADVANCED VOLUME
!NQ-DV, 10049, NASDAQ DECLINED VOLUME

Lets remember that one day does not a trend make. Up volume most certainly is not *overpowering down volume*.

LG - I shorted the ND futures on the touch of that upper trendline. I'm still well in the money.

Maybe it will be a keeper this time. ;)