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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.63

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Nov 19 4:00 PM EST

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To: pater tenebrarum who wrote (36205)	12/29/1999 5:30:00 PM
From: Terry Whitman	Read Replies (1) of 99985

Cyclicals are breaking out: stockcharts.com R2K set a new high today. Rotation into small caps is a typical January event. The market continues to follow last year's patterns closely. i'm going to study last year's January charts and report back. I believe an intermediate top occurred around 1/12.

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