MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.93

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Nov 14 4:00 PM EST

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To: John Pitera who wrote (11151)	4/15/1999 7:18:00 PM
From: Les H	Read Replies (2) of 99985

The DOT index was off 25% from its 52-week high intraday. At the end of the day, it closed down about 18% from the high. Once the internet "earnings" season is behind, worse will come. The Securities Broker/Dealer (XBD) index is now off 14% from its 52-week high. This is usually an industry group that is coincident with the market. The Dow Jones Utilities index has been written about ad nauseum since it has broken down a couple months ago. It behaved better today in light of the market recovery.

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