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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.04

-1.7%

Nov 13 4:00 PM EST

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To: donald sew who wrote (18072)	6/21/1999 5:31:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

Don, improving internals are one of the hallmarks of a blow-off. we will get them, and they should only be trusted to some extent. it will be fiendishly difficult to determine the top. we may even get a situation where the a/d line continues to improve for a little while after the indices have already topped out. that's of course only speculation at this point, but it has happened before. btw, the strength in the japanese market is another hint that cyclicals will join the rally as well, so the foundation for improving internals is certainly there. regards, hb

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