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

To: HighTech who wrote (183)	12/3/1998 7:51:00 PM
From: Patrick Slevin	Respond to of 99985

<the 25-day a/d has been dropping and is approaching negative numbers.(I use IBD numbers)> Yes I have 2904 using NYSE numbers and all shorter time frames by factors of 5 are negative. The 2904 is as of yesterday's close. Being inherently a suspicious person I am of a mind to be cautious of rallies. The intraday rallies don't impress but I would not be surprised to see some solid up moves none the less. In any event with the roll on the futures next week and the subsequent major expiration week I would have to think manipulation will be the order of the day and so I don't have an opinion for that time frame. Longer term I don't see the market sustaining the gains, just my opinion.