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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 680.28-0.5%Dec 1 4:00 PM EST
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To: dennis michael patterson who wrote (2745)12/23/1998 5:27:00 PM
From: StockOperator  Read Replies (1) of 99985
 
Next target for the DOW is 9500. A serious break of that level with closing weekly prices will set the tone for the 10,000 level. The NAZ and the S&P are way ahead of the other averages. January should see explosive moves from the RUT and Transports, both have consolidated sideways in Dec. which can be a launchpad for the proceeding month. Even the Utilities are ready to break after consolidating nicely.

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