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


To: HairBall who wrote (40121)2/13/2000 10:30:00 AM
From: Jerry Olson  Respond to of 99985
 
LOL......he's always looking for more customers...

yeah LG i'll get him to post it here...

it's important to see this bell curve..at the upper end or the overbought area is the semis..and the other end the oversold area is the banks/financials...

so we would tend to buy those financials, and sell the semis..they are coming from very very low levels on the P&F charts...

to me it signals, rates will stabalize, maybe after 1 more hike...in fact i think we'll get a good look at the eco numbers this week..with the PPI & CPI etc..lots of things to excite the markets..and...option exp week too<G>...

..should be awesome to trade...

regards OJ



To: HairBall who wrote (40121)2/13/2000 10:31:00 AM
From: Les H  Read Replies (1) | Respond to of 99985
 
I don't track breadth by exchange. It's not very meaningful when NYSE, OTC, and AMEX stocks in a given sector or industry are moving in a correlated manner. I still show the techs having made a local high on Thursday and not having confirmed another 'correction' as of yet. I do show weakening in the Media sector which was moving in concert with the Internets, and was one of the few sectors outside of the pure techs to participate strongly.