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

To: Sunny Jim who wrote (18691)	6/28/1999 5:06:00 PM
From: briskit	Respond to of 99985

Question to thread: William O'Neil says to study the general direction of the market using NYSE volume and behavior. Those of you who do so, would the NYA.X chart and volume be as useful, or what do you use? Today's NYA.X volume was the lowest since about Jan 4, and closed just above the 50 EMA. (Back from the Rockies. Thought I'd find the market Dahli Lama up there but had to come back to you guys <ggg>. MD

To: Sunny Jim who wrote (18691)	6/28/1999 5:28:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

StockProfit, You could be right. However, on a statistical basis, even in a bear market the 1st 3 months of a 9 month cycle is a rally, if not at least flat. Im still long-term bearish, but suspect a cylical type of rally. This rally may not be market wide and only limited to certain sectors/indices (rotational), but I would not be surprise if this forthcoming rally in only specific sectors was strong to the upside. At the same you we may even get sectors correcting. seeya