MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: StockOperator who wrote (12457)	4/30/1999 5:57:00 AM
From: bearshark	Read Replies (1) of 99985

SO: The most unnerving part of this market (at least for me) is that the issues are leading the volume. In so many words, the small money is pulling the large money with it. At any rate, this market gave a buy yesterday and it was bolstered by the success of the DOT holding. The last time this signal was given, we were at 10400. I will feel confident if the DOT moves up and RNWK is poised to help on Monday--and it already is pouring it on. On the INDU, I would feel confident if IBM and HWP resume leadership; CAT, IP, AA, and the basic fellows give back some money; and MRK, GE, and WMT get it back. I think the futures are pointing to a strong opening. Let's see if they are telling the truth. Any sight of failure and I will begin buying puts.

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