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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.59

+0.6%

Dec 19 4:00 PM EST

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To: James Strauss who wrote (1044)	12/9/1998 12:36:00 PM
From: donald sew	Read Replies (1) of 99985

Jim, >>>>>>>> The Decliners are beginning to exceed Advancers on a regular basis... The market cannot maintain its current levels unless the Advancers improve... <<<<<< Agree, and the NEW HIGHs are soft. I am still looking for one more up spurt into FRI based on my cycle analysis. Thereafter, stronger selling could occur. For the longer-term, I am not that negative towards the market, keeping my trading range trend. If yesterdays low do not hold, this dip could turn into the stronger dip - and we are getting close right now. seeya

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