MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.92

-0.7%

Dec 31 4:00 PM EST

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To: dennis michael patterson who wrote (40519)	2/17/2000 8:35:00 PM
From: dennis michael patterson	Read Replies (5) of 99985

Where are all the bears tonight? Jeffry-- did your shorts get stomped by a hoof? Am I the only one worried about this divergence between the DJ and the NDX? That contrary indicator Wallberg on Briefing.com suggests NAZ 5000 may be a layup!! And then there is the GE/^NFA indicator (the fave of our man at Lehman Bros)-- looking like shit. I do not subscribe to the view that markets can diverge significantly for a long time. Does anyone have any data on this? I'd love to know. I have been lightening up in anticipation of a post-expiry turndown. Am I alone? (no spitballs please -- this means YOU Jeffry)

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