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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: James F. Hopkins who wrote (2964)	12/28/1998 10:16:00 AM
From: donald sew	Read Replies (2) of 99985

INDEX UPDATE ===================== The INTERNET INDEX(DOT.X) is now retesting its highs near 445. My short-techncials are saying a CLASS 1 SELL for the DOT.X, but if there is not a significant pullback within days, that would give a hint that it is on the verge of setting new highs rather than a double top. Previously I had suspected that the DOT.X set a mid/long-term top, now the test is here. If new highs are made, I will suspect that we could still see some more upswing in the market. Seeya

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