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

To: HairBall who wrote (4239)1/19/1999 3:25:00 PM
From: Daflye  Read Replies (1) | Respond to of 99985
 
Just a quickie, pretty obvious but, the NDX hasn't had a down week since the Oct 8th bottom. At least thats what a candlestick chart is showing me. Bigcharts can't even give me a complete 6 month chart because of the parabolic nature of this run. Even now its pushing to new highs, and dragging the other averages with it.
Just seems to be nothing but air between NDX 2020 and 1800. Even a pullback to 1600ish would preserve the longterm trendline.
Just thinking aloud.
Thanks
D



To: HairBall who wrote (4239)1/19/1999 8:37:00 PM
From: Bonnie Bear  Read Replies (2) | Respond to of 99985
 
I just let my subscription to IBD lapse...but if anyone still gets it...watch for a day when ALL OF THE MARKET LEADERS SHOW UP on the Nasdaq page. Best if the relative strength has been declining while the stocks are still going up. They do this as a sign for the shorts.


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