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

To: Benkea who wrote (51017)	5/16/2000 6:37:00 PM
From: Stephen	Read Replies (1) \| Respond to of 99985

Some decent distribution today. They may try to open it higher to get better prices to short. I went short this p.m. Stephen

To: Benkea who wrote (51017)	5/16/2000 7:32:00 PM
From: Stcgg	Read Replies (1) \| Respond to of 99985

Agree - If No Follow-Thru Tomorrow, It's Going Down.. I pulled out of all my calls and longs today, waiting to see what happens tomorrow, as the Dow and SnP closed on fibonacci 78.6% retracements.. The Naz should follow suit.. In any event we're overbot short-term.. >><<

To: Benkea who wrote (51017)	5/16/2000 8:38:00 PM
From: OX	Read Replies (1) \| Respond to of 99985

NYSE TRIN... has someone already mentioned here how we just had back-2-back days (5/12 and 5/15) where the NYSE TRIN for both days are under 50 (or is the rule 55)? Ralph Bloch said awhile back that such occurences are rare and is usually a precursor to major bull moves. The last time of this occurence... 10/8/1998 and 10/9/1998. also Jeffry White pointed out to me awhile back how the current NDX chart was (is) developing very much the way the SPX chart did from 9/98 thru 10/98. it's worth a look at both... it'll blow you away.