MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 684.45

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Dec 4 4:00 PM EST

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To: ALTERN8 who wrote (6550)	2/17/1999 3:37:00 PM
From: HairBall	of 99985

ALTERN8: Well, I would think that the "Dow" Dow Industrials I assume, is not flying quiet so high with irrational exuberance as the NASADQ Composite. The SPX is made up of issues from both indexes so I do not look to it as a leading indicator when the IND/DJI and NDX/COMPX diverge. So, I suspect that it is not a matter of the IND/DJI rising to the same level of irrational exuberance as the NDX, but more likely the NDX will give back some of that speculative price action and come back down more in line with the IND/DJI. BWDIK Regards, LG

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