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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

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Nov 25 4:00 PM EST

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To: pater tenebrarum who wrote (31727)	10/28/1999 7:20:00 PM
From: donald sew	Read Replies (2) of 99985

Heinz, Although I do believe that the next dip should be bought, Im not that confident that we just continue up to new highs across the board. Im still more inclined to say that the overall market TRIANGULATES toward the FOMC meeting, and that we are still in a trading range. Although it is quite possible that a mid-term bottom was made by the OCT 18 LOWs, the DOW and the SPX is still quite a distance from the all-time highs. The DOW and SPX have rebounded about 50% off of the lows. The NAZ is still the closest to its all-time highs but there are some hints that some money may be leaving the HiTechs to other areas. If we still have the extreme sector rotation, I will still interpret that such anomoly still needs to be corrected, and that if there are new highs set it will only be in a some indices and not across the board. seeya

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