MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: StockOperator who wrote (14337)	5/19/1999 11:20:00 AM
From: Compadre	Read Replies (3) of 99985

SO: Last week we were saying that the big boys would give a sign of were they want to take the market in the immediate future by now. Well, right now there isn't anything really obvious to me. In fact it appears as though they have not done anything. But lets review the events transpired since Monday. HWP had better than expected earning that gave the markets a much needed lift. Tuesday's FED announcement, presumably a very bad news for the market failed to trigger a sell off. Even a bad quarter from DELL has been ignored so far. AMAT good showing is being cheered and the SOX displaying its true colors by breaking out with conviction. Well, I thought that the big boy's signs were subtle, and if these were the signs we were looking for, they certainly are. What I am trying to say is that may be the inaction in view of bad news is our sign the big boys have positioned themselves on the bull's side. Regards,

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