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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

-1.7%

Nov 13 4:00 PM EST

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To: James Strauss who wrote (12719)	5/3/1999 1:47:00 PM
From: HairBall	Read Replies (2) of 99985

James Strauss: All things being equal, the more stocks participating in an advancing market the better... As long as the money pushing up the Dow Indices is not solely at the expense of the previous high flyers. If additional monies drive up this Market, then this medium-term top will have been strictly a rotation and not a correction, if the Dow Indices never participate in this correction. Of course, if you were holding any of the issues that gave up the funds, you may well proclaim it was a correction at the least...<g> Time will reveal...still cautious for now. If you have looked at my charts, you would know I have been well aware of the trends! Good trading... Regards, LG

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