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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: donald sew who wrote (9285)3/27/1999 10:39:00 AM
From: StockOperator  Read Replies (1) of 99985
 
Don,

I think that anyone that disagrees for the sake of disagreeing is not doing anyone a service. That is why despite this thread's overall objective to call market direction, I've often tried to point out individual companies to watch that I feel might back my point of view. Without that it becomes just talking.

I hate to be labelled as a bull. Just because my position has been bullish for some time. But with the DOW hitting 10,000 and more importantly the patterns on the charts that imo look very bullish. I have to stay in the bullish camp. Even though a-d numbers are lousy, and we've seen a big break in the Russell. The stocks that have powered this rally, as narrow as they might be, appear ready to continue their moves higher. I think its also important to point out that the transports have held up relatively well. We have seen some nice moves for some of the airline stocks.

So time will tell.

Have a nice weekend.

SO
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