MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.03

-0.1%

Dec 9 4:00 PM EST

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To: Lee Lichterman III who wrote (33499)	11/16/1999 9:56:00 AM
From: donald sew	Read Replies (2) of 99985

Lee, The intermediate trend is still up, but I am expecting some sort of a pullback, which will just be a buying opportunity. Heres an interesting thought. Lets go on the assumption that there will be good news for the market today and also assume that SECTOR ROTATION is still with us. I would not be surprised that with good news the overall/broader market moves up and moves up strongly, but some sectors may have a lagging effect, not necessarily down, just lagging. Since the NAZ has gone up so strongly, it would not surprise me that other sectors start to catchup to the NAZ, so the NAZ may lag some or even drop a little, nothing big. Overall that would be better for the overall market for some monies to move away from the NAZ so such current lagging sectors can catch up. If that was to happen, that would imply that this rally is broadening out, which would be a healthier situation than to have the rally confinded to only the NAZ. Then maybe the Market internals will improve significantly to confirm the resumption of the long-term BULL. Such would also permit the NAZ to consolidate a little and form a base to strengthen the next move upwards. Dont get me wrong, I will buy the next dip for the XMAS rally.

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