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

To: donald sew who wrote (538)	12/5/1998 3:26:00 PM
From: j g cordes	Respond to of 99985

Comment Regarding %'s above 200 day moa now vs last july... the DOW and S&P have been running hot for a time period much longer than 200 days, while the Naz has had more pummeling. The comparision doesn't work for me.

To: donald sew who wrote (538)	12/5/1998 4:31:00 PM
From: HighTech	Read Replies (2) \| Respond to of 99985

So what the conclusion from this data? Not sure that any definitive conclusion can be drawn here, just a chance that the markets, especially the naz100, may be nearing at least a short-term high and are overbought. Since I started keeping track of these this year, I don't know what the past has shown. This market seems toppy and has come too far too fast for my taste. But it does what it wants regardless of how I feel and may reach 10,000 next week. -g- HiTech