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

To: Challo Jeregy who wrote (29108)	10/11/1999 9:33:00 PM
From: Benkea	Read Replies (1) \| Respond to of 99985

Challo: "He did say that none of the top ten market cap naz made a new high today with the nasdaq." What an interesting point! How the hell did we do it with crappy breadth AND without the ten stocks that make up over 88% of the NAS?

To: Challo Jeregy who wrote (29108)	10/11/1999 9:38:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

CJ, his newsletter is monthly - he has a call in line also. After looking at the VIX pierce the 20 day bands and come back in, further confirms all the other topping indicators - it even got down to the teens. The street is expecting great earnings, it got them in yahoo but sold em today on big volume. Even great earnings are already built into these few issues carrying the markets load. Vix has pierced the bands this year on every major sell-off, but this is the first time this year it has pierced it on a rally and take a look at all the overbought technicals and the crap quality of the breadth on this rally. Intel's chart could produce a big downdraft if they miss. bb