MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

+0.2%

Dec 2 4:00 PM EST

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To: Daveyk who wrote (35155)	12/14/1999 7:47:00 PM
From: bobby beara	Read Replies (2) of 99985

I follow Todd, he is a local guy and very good, BUT lately he has been saying that the nyse a/d line is now acting like the nasdaq a/d line and it is may be in a perpetual downtrend. This is comparing companies like xerox, sears, coke, raytheon to the likes of theglobe.com and 1000's of other losers. this is stretching the bullish case here, this is classic fifth wave breadth, narrowing to the point only dot.coms go up in the final week.

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