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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: James Strauss who wrote (2843)	12/25/1998 6:22:00 PM
From: Monty Lenard	Read Replies (2) of 99985

The fact that the broader markets (S&P 500 and NYSE and Nasdaq) have already hit new highs tells me that the market advance is spreading out beyond the big caps James cannot a few big caps make these 2 indexes go up? On 4/21/98 82.4% of the S&P 500 stocks were above their 200 Day SMA. 12/24/98 51% were above. As far as ALL the stocks on the Nasdaq 4/21/98 48.9% were above their 200 Day SMA and on 12/24/98 23.5%. Doesn't look that broad to me. One more: NYSE 4/21/98 61.2% 12/24/98 30.6% Anyone buying the Nasdaq in the last couple of sessions has a rude awakening coming Monday/Tuesday IMHO because the tape is IMHO going to change. <gg> FWIW Monty

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