MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

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To: HairBall who wrote (16282)	6/7/1999 10:53:00 AM
From: donald sew	Read Replies (2) of 99985

LG, I feel that The BUY-IN is today with the DOW in the 10850-10900 range. The DOW is basicly on the backs of only 2 stocks, IBM & ALD, with the S&P flat and the NAZ off its highs. I would like to see the SPX closer to the 1335 range, but Im interpreting the DOW being up on only 2 stocks as a sign of narrowing within the DOW and as a negative. We could have a intraday spurt that could get the DOW close to 10900, but with only luke-warm probability. Well we are already in the low end of the range. The DJX looks like a possible play to the downside. seeya seeya

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