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

To: Saulamanca who wrote (57120)	7/24/2000 3:29:17 PM
From: Les H	Read Replies (1) \| Respond to of 99985

Both the NDX and Nasdaq are testing the upper end of their respective rectangles from whence they broke up earlier. 3970 for the Nasdaq and 3815-3830 for the NDX. I suspect they fall back into these consolidation patterns, and attempt a third breakout later.

To: Saulamanca who wrote (57120)	7/24/2000 3:33:25 PM
From: The Ox	Read Replies (1) \| Respond to of 99985

I've never been that good at market calls but I'll give it the ol' college try<g> I think we will see overall weakness in the markets for the next 2 months...unless we get a major news catalyst, like the FED stating they are done with rate hikes. Choppy with a downward bias until we approach 3rd quarter earnings season. Then it's off to the races for a month until the market over does it once again. That's the way I see it currently, subject to change with the prevailing winds! JMO, Michael