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


To: bobby beara who wrote (32845)11/8/1999 5:11:00 PM
From: Les H  Read Replies (2) | Respond to of 99985
 
Didn't the SOX, MSH, and NDX all break their trendlines of tops today? They pretty much finished at those trendlines on Friday. This is eight up days in a row for the tech market.

DELL, CSCO, and AMAT all report within a week, with AMAT next week.



To: bobby beara who wrote (32845)11/8/1999 7:26:00 PM
From: pater tenebrarum  Respond to of 99985
 
Bobby, a few charts for your inspection, re: sentiment on paper assets:

decisionpoint.com

decisionpoint.com

and a look at interest rates, note the t-bills:

decisionpoint.com

it looks to me like the buying panic is reflected in the Rydex ratios....meanwhile, negative divergences continue in the utilities, NH/NL, a/d, and the McOsi has turned down...

regards,

hb