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


To: HairBall who wrote (62640)11/16/2000 1:54:53 PM
From: Daveyk  Read Replies (1) | Respond to of 99985
 
We're in limbo for the moment.2850 print would be another sell signal;heavy resistance at 3500.If we got thru that the trend would change to demand.I'm sitting 80% cash and just waiting for things to develop.Current Naz target 2300 which means nada.Seems trend is down till proven otherwise.



To: HairBall who wrote (62640)11/16/2000 2:04:50 PM
From: Daveyk  Read Replies (1) | Respond to of 99985
 
Bearish resistance line at 3500 is awful close to 50dma of 3484.81;200dma 3917.65