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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%4:00 PM EST

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To: Lee Lichterman III who wrote (9328)3/29/1999 9:49:00 AM
From: StockOperator  Read Replies (2) of 99985
 
L3,

I think you've summed up the way many of us feel about the market right here. What makes this call rather difficult right now is the fact that so many of the market generals, the true leaders of the past few years, are at different points on their charts. While MSFT and the Nutz, are pointing to higher prices. We have stocks like INTC and DELL that have clearly lagged the rest of the group - and need desperately to make a move. That's why I feel this week is critical for the bulls.

Having all of these divergences on the charts can make chart reading pretty nerve racking sometimes. But I really do think another week or so and the horizon may be a little easier to see.

We can only hope.

Good trading.

SO
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