MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.40

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Dec 17 4:00 PM EST

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To: Richard Ruscio who wrote (34407)	11/30/1999 8:17:00 AM
From: Terry Whitman	of 99985

Can't say that i ever recall such a large divergence between the listed and the unlisted markets. In 1987 a similar divergence occurred, with the tech stocks powering to new highs while listed stocks diverged. We know how that ended. <ng> May not happen the same this time around. Here's something to have a hard look at: stockcharts.com Put only 'Energy', and 'Precious metals' up, and expand it back to all data (1997-present). Notice how any large divergence between the two is closed, usually in short order. Shorting the peaking line and buying the bottoming one would have resulted in several quick 30-50% profits. Current chart suggests shorting energy and buying metals. BWDIK, TW

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