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

To: Andeveron who wrote (28806)	10/8/1999 10:56:00 AM
From: Matthew L. Jones	Read Replies (2) \| Respond to of 99985

Looks to me like we had a gap and trap to catch all the itchy bears.

To: Andeveron who wrote (28806)	10/8/1999 1:30:00 PM
From: donald sew	Read Replies (3) \| Respond to of 99985

Andeveron, >>>> the money is clearly pulling out of the SOX which had that impressive run. Nuts may be seeing some outflows as well. Thinking that the cyclicals may be the next "in" sector for money rotation... <<<<< It is also interesting to note that when the NAZ was up 9 points the NDX was down slightly. I had mentioned previously that since I had gotten back to back CLASS 1 SELL SIGNALs I felt that the pullback would not be so strong. Now I have to determine if the the last CLASS 1 SELL signals have been negated, since the DOW and SPX have exceeded yesterdays highs. If it has been negated, of course that is another bullish sign. I also noticed that the RUT is down, implying that this rally may be narrow. On the other hand the NEW HIGHs/LOWs is actually improving slightly. seeya