MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: StockOperator who wrote (12195)	4/28/1999 11:11:00 AM
From: donald sew	Read Replies (1) of 99985

StockOperator, I am specificly only talking about the RUT. Right now the DOT.X is down and lets presume that the internets in the RUT are also down, it will skew the RUT to the downside, while underneath there actually could be a broadening of the true small caps. I am basicly saying that right now the RUT is so skewed that it may acutally give the wrong picture at times and right picture at times. It is so skewed that it can be totally misleading at times. At this time it may not be wise to rely on the RUT for ones analysis until it gets reramped or if those 10 stocks which are skewing things can be extrapulated. Until the RUT is reramped Im using the VGY(value line) to give an idea of the broader market. Since I have not followed the VGY I am not sure of its reliabiity, but I believe its better than the RUT until it gets reramped. By the way the VGY is still rising today implying that the market is still broadening, while the RUT is down. So if you want to make a bullish case you may want to consider using the VGY for the interim. Just a suggestion. seeya

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