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

To: Lee Lichterman III who wrote (20254)	7/16/1999 7:01:00 AM
From: donald sew	Respond to of 99985

Lee, >>> I have read that some think the strongest sectors so far will continue to be strong which is highly possible given that the BTK has already violated the resistance line I had and kept going. I however tend to think that there may be a rotation to the lagging sectors instead due to the room to allow them a climb and allow profit taking in the areas that have already had their rally. <<< For the NAZ I am getting close to a CLASS 1 SELL signal, and it could arrive as early as today with the BUY-IN at MONDAYs highs. If that signal gets negated and the NAZ continues up without dipping, I will expect that most of the lagging sectors will not be able to move upwards by much and may even correct. On the other hand if the NAZ does not take off and negate the CLASS SELL signal then the other sectors could catch up some. SECTOR ROTATION is still around and frankly, I suspect that the action of the NAZ/HiTECH SECTORs will be the key. seeya

To: Lee Lichterman III who wrote (20254)	7/16/1999 8:11:00 AM
From: Les H	Read Replies (1) \| Respond to of 99985

I have very different readings for the Dow/NYSE and the Nasdaq TRIN's. I have a descending triangle for the TRIN for the NYSE TRIN where it is at resistance at neutral and a perpetually overbought (2-4 weeks) TRIN at .65 to .75 for the Nasdaq. I generally am getting mostly sell reversal signals but the stocks pull back and then quickly move back into overbought again because of the momentum. I would expect he most appealing index is the Retail (RLX) which is in a consolidation pattern (cup-with-handle) at the previous highs. GPS, ANF, ANN, BKE, PLCE, BEBE, WMT, DH, KSS, COST, BJ, CPWM, etc. Utility (UTY) also is in a consolidation and gave a stochastic buy crossover. Most of the phone utilities are starting to move out of consolidation patterns: SBC, AT, AIT, TDS, etc.. DUK and D gave stochastic buy crossovers.