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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.44+1.6%Nov 10 4:00 PM EST

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To: KM who wrote (36989)1/7/2000 9:03:00 PM
From: Terry Whitman  Read Replies (2) of 99985
 
The A/D line shall lead us. <g> So you're in the trading range camp, eh? The old saying is "The markets are in trading ranges (move sideways) more often than not."

The UTILs tipped us off again, along w/ the standard employment report bullishness. I would not have been short on a dare today.
Message 12473790

Not everyone on the kahuna thread was a dancing bear. <g>

Did you notice this move.
quote.yahoo.com^HCX&d=3mm
Jumped from a 52week low to above the 200dma in 2 days. Wish I had a few MRK calls. <g> Will be interesting to see if it also breaks out of the falling trend next week.

Mainly I'll be watching the A/D, the VGY, and the NYSE comp. to see if this can last. The internals today were very impressive.
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