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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 668.73

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Nov 24 4:00 PM EST

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To: StockOperator who wrote (2492)	12/21/1998 7:36:00 PM
From: Cynic 2005	Read Replies (1) of 99985

<<The RUT and Transports should start playing catch-up with the other averages.>> Don't know about RUT. Have been on a flight in the last couple of months? In addition to a lot of analyst downgrades, the airline load factors have been going down. Check this out for first hand evidence. #reply-6922094 (also check the post it replied to.) As with the general trend, I think Friday's triple wiching day not withstanding, the breadth has been awful for the past few trading days (including today.) Today it looks more like extreme short-covering than jolly buying. Nasdaq rally will not sustain. Too many people are waiting to sell at the beginning of the year. More than likely the punch bowls will be disappearing removed before the 1st trading day of new year. And, RUT may take a lethal blow along with the others. All IMO, of course. Then again, WTFDIK? -g-

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