MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: donald sew who wrote (7859)	3/9/1999 3:58:00 PM
From: StockOperator	Read Replies (3) of 99985

Don, Some of the analysts that are saying how great this market looks at 9800 were most likely saying the market was getting ready to collapse prior to last week's advance. Even the pros have flip-flopped quite a bit recently. Regarding the stocks to buy now. The one group of stocks that has exhibited much strength during this whole consolidating period has been the telecom group. Stocks like LVLT, WCOM, QWST, RNWK, PMCS. I believe their area of expertise is in addressing the band width issues. I would agree. Market breadth has been horrible. The Dell's and CSCO's are all trying to working through their own corrective patterns. That's why I'm watching how things progress here. If we do break up here, breadth should definitely improve. Time will tell. SO

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