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

To: Les H who wrote (41339)	2/25/2000 2:38:00 PM
From: Les H	Read Replies (2) \| Respond to of 99985

Day-trading expo cnnfn.com

To: Les H who wrote (41339)	2/26/2000 1:13:00 AM
From: Michael Watkins	Read Replies (2) \| Respond to of 99985

Les, Considering that the SPX and OEX are lagging the DJIA in completing the three peaks and dome, it would appear that DJIA is going to overshoot the dome on the downside and the Nasdaq to kick in to the downside on short notice. That's pretty much what I've been expecting too. I haven't done the math on the component stocks, but suspect the only reason they are lagging is due to support from the tech stock components in the indicies. Looking at the NYA, it seems pretty obvious where this is all headed.