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

To: el paradisio who wrote (66603)1/11/2001 4:08:17 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
I don't know if the QQQ/SPY volume ratio works at both tops and bottoms... 10 to 1

quote.yahoo.com



To: el paradisio who wrote (66603)1/11/2001 5:00:13 PM
From: Doug  Read Replies (2) | Respond to of 99985
 
el: Many of us have been saying the NAZ is overvalued. However facts are it keeps going up and we moving our supports to suit.

Which of the 2 scenarios do you feel more comfortable with.

a: NAZ has made an absolute low and is in uptrend with usual minor corrections.

b: NaZ will make a new low after the 2nd interest rate cut.
and then start a new up-leg.

Incidentally QQQ sold off after hours ; now at 61.5 or so.


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