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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: Investor2 who wrote (9519)3/30/1999 6:45:00 PM
From: StockOperator  Read Replies (1) of 99985
 
I2,

I'm sure you are right. I made that statement because I really do believe with the DOW breaking into record territory, these obvious divergences will have to quickly resolve themselves.

Sometimes a week CAN make a big difference. Think about where we're at right now. The DOW is breaking into new highs. The transports today was the one bright spot in the market. MSFT is hitting new highs, while DELL and INTC have patterns that are saying they better mount a rally real soon. Some of the nutz have broken through resistance while others in that same group are struggling. So I apologize for sounding so vague. But I feel these are timely issues.

Good trading.

SO
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