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

To: eichler who wrote (62235)	11/11/2000 10:13:06 PM
From: el paradisio	Respond to of 99985

Everyone is saying about new lows on Nasdaq, but Indu also did hit a new low just a few weeks ago. Since then, it went up almost 1400 points... I expect Nasdaq to rally in the beginning of next week... To run stoch to oversold range on a daily chart, will not be bullish at all...it would be better to start this rally asap...no later than Mon/Tue maximum. If you look on a daily charts, ADX did not move too much up and didn't produce a new high, which is a positive sign. SOX should hold the support at 600 for a short time. A long term view for SOX and Nasdaq is another story....bearish. Regards, el