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

To: StockOperator who wrote (13883)	5/14/1999 12:37:00 PM
From: Compadre	Respond to of 99985

SO: I think that we are going higher in the NAZ. Specially if the bottom in today's action holds. If we bounce up from hear, I believe we could see a new high for the NDX next week. But if it breaks down (and there is a good likelihood of it happening since the NAZ is working an a symmetrical triangle in the 10 minutes charts) it will retest the 55 day EMA. Hopefully, that will hold. I that does not hold, then I believe that we will see a 60% retracement. Regards, Jaime