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

To: Crimson Ghost who wrote (67627)	1/25/2001 1:09:40 PM
From: Kemo Sabe	Read Replies (1) \| Respond to of 99985

George: The NDX should break down again shortly. The lunch bunch are propping her up temporarily...to wit the little intra-day bearish flag forming now. Should break on the 2nd or 3rd swing. Kemo Sabe

To: Crimson Ghost who wrote (67627)	1/25/2001 5:19:42 PM
From: HairBall	Respond to of 99985

George S. Cole: It has been a busy day, sorry I did not respond sooner. I should have been more clear, by relief I meant that I expected the overbought indicators to continue to unwind. The NAZ Comp did trade pretty much as expected today, however the bounce in the NYA took on a little more life than I had anticipated. The NYA popped up above its Sept 00 Falling Resistance Line and then slowly traded down oscillating along the falling trend line today. It remains for the most part in an intraday overbought condition. If I can (SI is acting up at this time, at least for me), I will post links to my updated intraday COMPX and NYA charts later this evening with my take. The futures are selling off some (at this time) after hours for both the SP Emini and NAZ Emini. Regards, LG