MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 19 4:00 PM EST

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To: Jerry Olson who wrote (9403)	3/29/1999 2:38:00 PM
From: StockOperator	Read Replies (1) of 99985

OJ Absolutely. IMO, the Russell CANNOT just sit idly by while the market takes off without it. That index has seen significant downward pressure this month. To just move sideways would not be enough to repair the damage that has been done. The trannies is another index to watch. During the past couple of months it has consolidated sideways (with an upward bias). I think its now crunch time for a possible breakout. Which would tie in nicely with the breakout on the DOW. Hey, feel free to point out some of the companies that you see moving. I personally follow around 125 companies that represent a broad section of the market. So it's nice to hear about the one's I am not following. Good Trading SO

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