MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

4:00 PM EST

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To: American Spirit who wrote (12658)	5/3/1999 12:13:00 PM
From: Les H	Read Replies (1) of 99985

If they can continue this rotation for another 4 to 8 weeks while the techs consolidate, the tech leaders should have another run coming up to their second quarter reporting period. The anchor between the two has been the financial stocks. AXP, C, GE, and JPM have charts that have mirrored the Dow. And to a lesser extent, WMT. (Among Dow retail stocks, S had a nice pop today --- last week, it made the Small Dogs of the Dow list). Interest rates will tell the story for now.

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