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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%Nov 19 4:00 PM EST
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To: James F. Hopkins who wrote (7336)3/2/1999 1:24:00 PM
From: donald sew  Read Replies (2) of 99985
 
James,

HWP was up about 6 points. Just heard on CNBC that a 1 point move
in the stock would equate to over 4 dow points, so lets say HWP accounts for 20-25 DOW points.

I noticed that the BANKS(BKX), AIRLINES(XAL), TRANSPORTS(TRAN), BROKERS(xbd), INTERNET(DOT) are now in the OVERBOUGHT REGION and quickly approaching CLASS SELL status.

the main indexes (DOW,NAZ,SPX,NDX,OEX) are still in the mid-range.

seeya
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