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


To: HammerHead who wrote (7605)3/5/1999 2:47:00 PM
From: Compadre  Respond to of 99985
 
Robert: I agree, the ndx is not participating in the party again. I don't think the rally is real at this point. But if it breaks 9700 decisively then I'll change my opinion.

Regards,

Jaime



To: HammerHead who wrote (7605)3/5/1999 2:49:00 PM
From: Les H  Read Replies (2) | Respond to of 99985
 
Nasdaq and NDX are still below the downtrend resistance line from January/February. I believe it touched the line today and backed off. Nasdaq 100 is approaching a double buy signal on the Nasdaq and NDX as the 21-3 Stochastics form a similar double bottom as last May/June. Can't wait for the Q spider.

tscn.com

Average return on the trade is 14.8%.