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


To: Monty Lenard who wrote (3203)1/2/1999 11:47:00 AM
From: stockycd  Read Replies (1) | Respond to of 99985
 
Monty,
Next week will be a very informative week to say the least. There are several very good signs of strength in this market. The two I am most interested in for the mid-term are the SOX and the RUT. If indeed the SOX breaks out from the current consolidation pennant, that would be MAJOR bullish for overall market (nasdaq) direction.
The RUT has blown through its 200d SMA and is a white light of strength in the overall market.
Something may have been going on Thursday afternoon but I tend to think it's more of the effect of thin trading.

My opinions...
Chris