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


To: Zeev Hed who wrote (60676)10/16/2000 11:34:33 AM
From: James Strauss  Read Replies (1) | Respond to of 99985
 
Zeev:

The New Lows on the NYSE and Nasdaq look less frantic but still show some selling pressure... finance.yahoo.com

The Arms Index is pushing higher again today...
finance.yahoo.com^STI.N&d=5d

The NDX needs to close above 3240 to give it stability... Otherwise we could see it leveling off in the 3000 to 3100 area before moving up...
bigcharts.com

The Technology Index is showing signs of strength...
bigcharts.com

The market needs the Technology sector to be strong for any sustainable rally attempts...

Either way, we are at the bottom range...

Jim