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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 18 4:00 PM EST

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To: donald sew who wrote (11049)	4/14/1999 11:29:00 PM
From: Vitas	Read Replies (2) of 99985

Donald, >>> the DOW components and may have noticed something of interest. Basicly all the DOW stocks which ran up hard today were the ones that just did not run up lately, and many of those that did sell off or were flat were the ones which have runup lately like GE, MRK,JNJ,WMT,etc.<<< "Market history is filled with examples of the NYSE advance-decline line reaching its peak prior to that of the DJI and refusing to go one bit higher no matter how much further the industrials surged ahead. This syndrome demonstrates a market advance which is becoming dangerously selective. As confidence lessens, more and more money flows out of the broad market and focuses on only the highest quality companies. This is always an important warning signal that the bull market's day of judgement is close by, and that you must watch your charts and indicators extra closely for further signs of the end." from the 1988 book "Stan Weinstein's Secrets For Profiting In Bull and Bear Markets" Vitas

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