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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Lee Lichterman III who wrote (12249)	4/28/1999 2:37:00 PM
From: donald sew	Read Replies (1) of 99985

Lee, >>>> Meanwhile the TXX Tech index isn't budging. I think this confirms that techs are out and the other sectors are in. I just don't understand how transports can be up while oil is going up also. Same with utilities and TYX/interest rates. <<<<< Lee, I may be wrong, but this could just be a trading phenomenon, that has been going on for 2 weeks already when the strong money rotation began. Keep in mind that if we look at the DOW/NAZ/SPX on an average, they really have not done anything. The smaller caps and other sectors like the transports have gone up at the expense of the DOT.X going down. I checked the LG dictionary of market terminology and it is called the PING PONG phenonomon. ggggggggggggggggg seeya seeya

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