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Strategies & Market Trends : MDA - Market Direction Analysis

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To: James Strauss who wrote (2841)	12/25/1998 4:57:00 PM
From: Ramsey Su	Read Replies (2) of 99985

James, I have kept my own summation index, similar to McClellan for 4 years. At the moment, 10 day summation (summing the net adv/dec for the last ten trading days) for the entire month of December has been negative, for both NY and NASD. As we all know, both indexes are at all near all time highs. This has never happened before. The reason is simple. The big caps are driving the market while the overall breadth is weak. The question is what does this mean? Bullish? Bearish? Meltdown? Explode into new highs? Help anyone? Ramsey

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