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

To: dennis michael patterson who wrote (39595)	2/10/2000 10:43:00 AM
From: HairBall	Read Replies (3) \| Respond to of 99985

dmp: I believed per the SPX a TOP was put in the first trading day of this year. The NAZ has continued to expand on a smaller and smaller pedestal... The NYA has not confirmed the move in the COMPX. The VGY has not confirmed the move in the COMPX. The Transports led the way down in 98. The Transports have just crossed a MAJOR support line to the down side. I expected this move to begin in Nov/Dec of last year. It began one trading day into the new year! I have treated it as a medium-term top for the SPX, but with the break of the 18 plus year support line for the Dow Transports I can only conclude... It is TIME get CAUTIOUS! Regards, LG