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

To: Gary Wisdom who wrote (25514)	9/10/1999 6:14:00 PM
From: pater tenebrarum	Respond to of 99985

Gary, i agree...btw, i'd still say it's not a good sign when a full 60% of NYSE listed stocks are below their 200-dma, and a bull market that lacks breadth and NH/NL confirmations is suspect. it is precisely when you start hearing of rationalizations w/regards to these statistics when you should begin to get worried. it remains a fact that all major a/d divergences this century have been ultimately resolved with a sharp downmove in the indices. it would be a first if it didn't happen this time around. the so-called 'hot' stocks that are the target of speculative money are what's manipulated. it's simply a game played by the fund managers who are in these stocks and want their funds to appear at the top of the performance listings. nothing's easier than manipulating a stock with a mini-float and a 'business model'. that's not to say that one shouldn't participate, after all a lot of easy money can be made. but it's another sign that the speculation is truly getting out of hand. it is not a sign of health when completely insane prices are paid for a handful of stocks. regards, hb