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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.66

-0.1%

Jan 16 4:00 PM EST

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To: Les H who wrote (11190)	4/15/1999 11:53:00 PM
From: John Pitera	Read Replies (1) of 99985

Les, I agree many stocks have bounced off of support. I mentioned the cyc.x earlier today 127.0.0.1:3456/SI/~wsapi/investor/reply-8945843 the momentum of the CYC would suggest it makes a new high taking out the 1998 high, only if this were a spike top in a rapidly weakening market will it prove to be a double top. I would have no problem with a new high in the SOX , looking at the daily chart.

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