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Strategies & Market Trends : MDA - Market Direction Analysis

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To: donald sew who wrote (7969)	3/11/1999 8:43:00 AM
From: Terry Whitman	Read Replies (1) of 99985

Just how much more gas do people think the DJI have? Comments from today's Fiendbear report: >>The Dow is now 11% above its 200 DMA. The last time it was this high was back on July 17th when the Dow was at 9,337. Over the next six weeks, the index lost nearly 20% before bottoming on August 31st. At 9,772, the Dow is less than 5% higher than it was back in July but the NYSE advance/decline is light years away from where it was at that time. Furthermore, since the October 8th low, the Dow has risen 2,000 points but the NYSE advance/decline has not moved up at all. The Bulls have had a lot of fun touting the Dow as it breaks records, but the underlying market continues to stink. The Dow may run through 10,000 but that isn't going to make the divergences go away. Sooner or later they will catch up to the stock market in a big way. << Nasdaq around 25% over 200dma. Prior to the last 2 months, that used to mean extreme Danger territory. We've got a NEW ERA now though. <g> So get long in preparation for Ralph A's new 12-15 year Bull run. TW

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