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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: pater tenebrarum who wrote (52764)	6/1/2000 4:20:00 PM
From: TRINDY	Read Replies (1) of 99985

Heinz and all--I noticed the advances and declines for the NAZ today and found them to be particularly strong. There were 2731 advances in comparison to 1280 declining issues. Up volume was 1,322 million v. 196.9 million down. This yields an ARMS or TRIN ratio of .32. This compares with a .96 ratio for the NYSE. Obviously we are in a rally on the NAZ of unpredictable staying power. I, too, consider the markets to be overvalued, as they have been for some time now and may continue to be in the immediate future. There are a lot of powerful financial forces that have a strong vested interest in sustaining the bull. They are ruling the day at present. They may have it right in their thinking that time is running short for Greenie to do his stuff in an election year. There will come a time when MU and INTC and other POS's are so highly priced that they have no where to go but down. I plan to be there then, as I was with AAPL, GTW and DELL, the latter two looking weak on a day of considerable strength. Thank you for your continuing contributions to this thread. Cheers!

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