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

To: OldAIMGuy who wrote (58647)	9/3/2000 10:31:14 AM
From: Les H	Read Replies (3) \| Respond to of 99985

The AIQ market log is at a caution level of 71. It did reach 74 too weeks ago but as indicated in the breadth for the S&P 100, the powers that be chose to sell off many of the S&P 100 stocks and run up the Nasdaq 100 stocks. A strong day or two with good breadth would likely push it near the sell level of 80, and create an unconfirmed sell. As it stands, the signal is on hold on a confirmed buy from August 1, unconfirmed buy from July 28. The Nasdaq 100 followed with a confirmation signal on August 16 as well. It'll be interesting to see what lagging sectors, Retail, Transportation, Real Estate, Chemical, Paper Products, etc., will join a last leg.