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

To: Haim R. Branisteanu who wrote (21447)	7/29/1999 7:42:00 PM
From: Monty Lenard	Read Replies (2) \| Respond to of 99985

Well I bought some stuff this afternoon for a little bounce but the adv dec volume turned terribly negative in the last few minutes. That makes me believe we could gap down at the open but I don't expect it to last. I actually look for a rally after the downgap. Just the way I see it happening. I just did not see the adv dec volume turn positive near the close as I usually do before an upgap morning. BWDIK As far as the 401k money, I may be giving them more credit than they deserve but I think people may be a little skittish. I tell you, Ralphy A. Baby can sure call a intermediate term top. I think he has been able to do that the last 2 times he started cheerleading. Monty