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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 26 4:00 PM EST

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To: bobby beara who wrote (29299)	10/13/1999 2:24:00 PM
From: Challo Jeregy	Read Replies (2) of 99985

bb, since you mentioned Harley, thought you might like to see this article in the LA Times this am. Too bad, though. There are comparison charts in the paper that are not in the following link . . . latimes.com Wall Street's bulls say the comparisons aren't valid. They argue that stocks are merely undergoing a normal "correction" that will set the stage for gains later this year. "Actually, we have a really healthy market," contended Stan Harley, editor of Harley Market Letter in Camarillo. "The bull's not dead. It's alive and well." But many Wall Street "technicians"--analysts who track the market's historical patterns--say the strength in tech issues has masked the fact that in the market overall, the number of stocks falling in price on any given day has recently been overwhelming the number rising. "The health of the market has hardly looked any worse than it does now," said Ricky Harrington of Interstate/Johnson Lane, a brokerage firm in Charlotte, N.C.

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