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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.86

-0.7%

Dec 31 4:00 PM EST

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To: Les H who wrote (34987)	12/10/1999 10:09:00 AM
From: Doo	of 99985

FWIW, my price and volume work is showing huge distribution in the Nas COMP and NDX. Sentiment is at dangerous levels. I think we are at an intermediate term turn here. Just looking for the leadership stocks to show softness (you know only up 5% a day, or so <g>), and this should turn ugly. jeff Edit = Noticed the bond rally is far and away stronger than the initial push in equities. Flight before the big millenium event/non-event?

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