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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (18002)	6/22/1999 11:12:00 AM
From: StockOperator	Read Replies (2) \| Respond to of 99985

The fact that the markets are displaying this weakness early in the day, I believe says much for a continuation of this uptrend. Many of the prices for the majors finished at the highs of the day yesterday (RUT, S&P, AMZN, MSFT, AOL and DELL) implying continued strength today. Watch the close carefully. At this point, the DOW is the only index that appears to be slightly turning over the past couple of trading days. So pay close attention to this index for strength. Also the move in transports should become more evident as it continues to work through this weekly resistance. My call on the market at this point is unchanged. I am looking for prices across the board to continue to work through the remaining resistance as we head into the end of the month. I think it's important to say that prices do not have to break into new highs for me to get extremely bullish. They only have to get to a certain level by the end of this month. This move that we are now seeing could be a precursor to what may be an incredible rally. Profitable trading. SO