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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

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Nov 26 4:00 PM EST

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To: StockOperator who wrote (7861)	3/9/1999 5:30:00 PM
From: donald sew	Read Replies (3) of 99985

StockOperator, >>>>> If we do break up here, breadth should definitely improve.<<<<< I presume you are talking about a substantial improvement in the breadth far better than what we saw in the last 550 point move to the upside. I too feel that we could hit 10000, but it will be on weak legs and if we do get there under the same conditions of poor breadth it wont stay there long. Again if this pullback is small then the next upswing could get us to 10000 but on even fewer stocks. I dont think we are in disagreement with a breakout to the upside in the DOW, but our disagreement is with the breadth improving if it does breakout.. It didnt take too long for the NEW HIGHs to out number the NEW LOWs, and the DOW was only down 33. I was alway told that the market internals were leading indicators in most cases, not trailing. Im not talking about finite numbers but the rate of change. I guess such would not apply in your senerio, which is possible. seeyaa seeya

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