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


To: Michael Watkins who wrote (40576)2/18/2000 2:16:00 AM
From: IndexTrader  Read Replies (1) | Respond to of 99985
 
Michael,

I spent some time scanning stock sectors and those within, and the only groups that look really bad are the retailers and the food groups. The rest look OK. I too am looking for some kind of crack but it just is not there. The computer sector, the networking sector, the semi's and the internets look as if they want to consolidate, but that is all. Also, the SPX weekly, daily, and monthly charts all have symetrical triangles that appear to want to break out to the upside. I may be wrong, but the charts actually look pretty good.
We will see in the next few days, but my bet is on "up."
Susan