MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: Les H who wrote (11163)	4/15/1999 10:58:00 PM
From: John Pitera	Read Replies (1) of 99985

the net stocks have sold off the last 4 Q's after Yhoo announced earnings, it's gettting to be a trend....and yes I saw this on TSC. The Dot.x is not even below the 50 dma and the last 2 days looks identical to the 2 day sell off the week of march 22nd. Mer has not passed it's high of 1998 yet and MER has been a "tell" about the future market direction on weekly and monthly charts since 1974. It usually tops out 9 months prior to the broad market.

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