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

To: Benkea who wrote (22768)	8/11/1999 9:19:00 PM
From: Jerry Olson	Respond to of 99985

Benkea Ryan Thomas, one of "THE" best...

To: Benkea who wrote (22768)	8/11/1999 9:33:00 PM
From: James F. Hopkins	Respond to of 99985

Benkea; I sure like taht S&P chart, before we get to bullish look at this. quicken.excite.com I track all the XL sectors..now the XLP is a very important sector to the S&P and it represents some large money , this is part of whats wrong with the A/D line. Tech and Oil can't keep a bull market going by themselves but so long. High oil prices could come home to bite us on the arse as bad as high interest rates. ( the linkage is out more but it's more serious than most think ) But anyway; If XLP will turn up, like at least show some sign of it then I'll be more bullish; it is important. Till then I'll regard this rally with a lot of caution. I'm long but also hedged. Jim PS can you do one of them nice charts on the XLP ?