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: donald sew who wrote (12208)	4/28/1999 12:33:00 PM
From: Lee Lichterman III	Read Replies (3) of 99985

Not the answer to your question but it has been ages since I have been able to trade and can't recall the significance of what I am seeing right now. TRIN has just crossed over 1 which is bearish but TICK is skyrocketing which I recall is bullish. The indexes aren't moving much but some of the leaders I track are getting hammered. EMC whichnormally exhibits strength has fallen from 116-117 area to 112 and still falling, PC makers are getting hammered etc yet the NASDAQ is still only down about 20. Is this a flush out of weak shares where buying in is warrented or is this the last push up with the TICK before the real drop and a few stocks are just at the leading edge? The indexes that looked weakest seem to be holding so far. What am I missing or forgetting here? Also the Declining volume is almost 2-1 in the major indexes but BB advances are highly positive on volume. Rotation to small caps? Good Luck, Lee PS - Forget my call for AMR being a possible short, just noticed the airline sector didn't look too weak on closing data from yesterday despite oil prices.

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