MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

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Nov 21 4:00 PM EST

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To: Compadre who wrote (12031)	4/26/1999 12:14:00 PM
From: StockOperator	Read Replies (2) of 99985

Jaime, Don Right now the avgs. are challenging some key areas. The NAZ this morning hit record territory,,,the RUT has a high of 435.28 - the high set back in Jan 99 was 435.30,,,the transports were just at 3609 (the high Fri.) and looks like it could pop here to retest 3679 which is the high set last week,,,the DOW has been weak today but with the rest of the indexes challenging those key areas I would have to believe that by the end of the day an attempt will be made at 10765. I think the action in MRK and T could give us an early warning as to where the index is heading. MRK has been weak the past two weeks and is one of the majors that I'm keeping a close eye on. They also just came out with pretty good earnings so that should affect it somewhat. Of course rates are still key here. I would not want to be on the wrong side of a spike in either direction. Good trading. SO

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