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

To: Jon Tara who wrote (53629)	6/10/2000 7:15:00 AM
From: Road Walker	Respond to of 99985

Haven't had time to read the thread lately, so a similar opinion on NASDAQ comp may have been posted. This week's trading range was narrower than any in about 25+ weeks. Comp is meeting and failing at the bottom of huge upside supply dating to the 1st week of January, when all the volume came into the market. Still it's trying to rally through, it will take some real strong catalyst to power through the res. But, it doesn't seem to want to go down. The lack of vol over the last 7 trading days is probably healthy and constructive for a market that had gone nuts. John