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

To: studdog who wrote (64316)	12/15/2000 10:14:55 AM
From: Les H	Respond to of 99985

Thx. We may be near a short-term low by Monday per breadth of the 21-day EMA approaching 20% and the 10-day and 20-day lows approaching 1200 and 800-1000, respectively. IMO it will only be a short-term rally of a few days. The Nasdaq 100 signals at close yesterday were indicative of a further 20% decline from yesterday, and usually take a couple weeks to flip over to predominantly buy signals and be confirmed by the overall market's signals.