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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 680.27-0.5%Dec 1 4:00 PM EST

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To: donald sew who wrote (13049)5/6/1999 1:59:00 PM
From: KY  Read Replies (1) of 99985
 
Donald,

You have been mentioning AOL as an indicater for the DOT...I have been watching a basket of the leading nets -- AOL, AMZN, CMGI, YHOO. They seem to all be behaving exactly the same...same patterns forming across the board.

However, more damage appears to be done for YHOO and AMZN while AOL and CMGI are holding up a tad better.

I'm no TA expert, but all of these stocks look like they are just aching to head south below their levels of support.

My gut says we just tread water today, telling us nothing, and then tmrw either get creamed due to the report out at 8:30 sending some of these nets down to lower support or 200 dma.

It's tempting NOT to roll the dice at today's lows and hope for the best on tmrw's report...we have had inflation fears before only to see that they unwarranted.

KY
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