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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: Lee Lichterman III who wrote (12404)	4/29/1999 1:07:00 PM
From: Les H	Read Replies (1) of 99985

You're getting the benefit of the favorable ECI report on the financial services stocks in the Dow plus the continued momentum in the cyclical stocks. You'd normally wouldn't have the two groups moving up at the same time. BTW, JPM, C, and AXP are the most highly correlated to the DJIA of the Dow stocks.

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