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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%4:00 PM EST

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To: HairBall who wrote (11408)4/19/1999 12:50:00 PM
From: donald sew   of 99985
 
LG,

The TYX is flat, and the price of oil is also up today.

Wow, watching the DOW continue up and watching the NAZ continue down is so wierd. The NAZ is not just lagging, its actually moving in the opposite direction.

Well, as I mentioned in my update, I felt that with this sector rotation and the first clue that inflows into the market may be declining, that the indexes that move up will do so at the expense of other indexes.

Wow, I just calculated todays divergence between the DOW and the NAZ and it is now at about 400 DOW points, using the ratio of 4.39 to compare the DOW to the NAZ. In the past the maximum extremes was around 200. Something will give.

seeya
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