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

To: KymarFye who wrote (64972)	12/21/2000 8:04:15 PM
From: eichler	Read Replies (4) \| Respond to of 99985

I was just running through a number of individual naz stock charts and for the fun of it put in the money flow indicator. Sheesh! Now that's alot of red. Big time selling, today also, quite negative money flow, even on stocks that went up. Perusing the 60 min $compx chart, I see two gaps; the first on 12/15 from the previous day's low of 2727.26 which was not technically filled (dollah short), the second of 12/20 from the previous day's low of 2511.05. The way I'm starting to look at the weakness on the 60 min charts (not quite what I'd expect a strong off-the-bottom rally to look like), I think we have come up one gap short. I think one more gap down would complete the picture I see. Could very well be wrong; just quite suspicious at this point.