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

To: bobby beara who wrote (14906)	5/25/1999 5:08:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

OTC Prime Index is sitting right on its January base low (324). A break below that would indicate a continued serious decline to the 200-day moving average, which it is still 10% above. Many of the nifty-20 and nifty-50 large cap growth funds like JAVLX, MFOCX, SGRTX, Fidelity New Millenium, et al share the same stocks. quote.yahoo.com The base low in October is 170 while the recent high was 425. A pullback to 295 area would satisfy a 50% retracement of the October-April run and to allow the stocks as a group to find support at the 200-day moving average.