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

To: dennis michael patterson who wrote (27031)	9/24/1999 10:34:00 AM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Dennis, I just heard an interview with steve shobin, he is looking at 1180 area also and the 200 dma on ndx which would retest the 8/10 low, that might be an area for a bounce. The divergence in the a/d line is creating some incredible values in many stocks, selling at single digit p/e's. I think people are starting to get the idea that the gold rush is over there will be a rotation out of tech into undervalued areas, we might get some support in a/d line here at Vitas #'s, but still get tech correction, kind of a unwinding of what has been going on. bb