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

To: donald sew who wrote (22809)	8/12/1999 8:54:00 AM
From: James F. Hopkins	Respond to of 99985

Hi Donald : I'm with you , more recently I posted on how poorly the XLP sector was doing in spite of this bounce. Ever since April and the "Crossed Swords" I have felt the market has to fix taht divergence before it's over. It has tried ever so slowly but the divergence remains, most of these newer DVI signals I see are very short term, and don't cover the depth of the move. While I really like the DVI , and it makes a lot of sense to me I know it's not been tested very much. I still consider this bounce to be a relief rally too, and will play it very cautious till I see that XLP join in. The XLF is also sickly, if it's a bull market I expect to see all sectors going up not just a narrow part of it. The S&P futures don't look as bad this morning, but the NDX futures are down, got to run and drop the bid on my short cover of the QQQ. I closed yesterday still long the UOPIX, but went short the QQQ right at the close.( fully hedged ) Jim OPPS; They just popped the futures up on both..it's wild !