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

To: HairBall who wrote (1077)	12/9/1998 3:18:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

LG, I got DOWNMO at .35 and UPMO at .59. If this continues, the DOW should move up into the close. Seeya

To: HairBall who wrote (1077)	12/9/1998 3:19:00 PM
From: Debra Orlow	Respond to of 99985

LG: NM on the 5-minute (you guys are gonna get sick of me talking 'bout my divergences....) showed one bearish divergence earlier, is on its second. The first one was not confirmed with the stoch, and the second one has not been confirmed yet either. IMHO only, Debra

To: HairBall who wrote (1077)	12/9/1998 6:12:00 PM
From: Smooth Drive	Respond to of 99985

Hello LG, Here's a bit of today's Investors Intelligence/Chartcraft update: SENTIMENT INDEX 12/08/98 10/01/98 % of Advisors Bullish 57.4 56.9 % of Advisors Bearish 31.3 31.0 % of Advisors Correction 11.3 12.1 Bulls 10 week MA 57.8 55.9 This is near a 7 year high. Perhaps too much optimism so quickly means likely consolidation at/near current levels. On the short term front, the Bullish Percent Indexes for both the New York Stock Exchange stocks above their 10 week ma and Options stocks above their 10 week ma have just given Bear Alert signals (reversed down from above 70%). Our longer term indicators also lost strength this week. Our main long term leading indicator, the New York Stock Exchange Bullish Percent (NYSEBP) index went from 59.6 to 57.1 (still in Bull Confirmed). The OTC Bullish Percent went from 62.3 to 61.9 --- and the one I watch most closely at this point because it often leads the NYSEBP, the Optionable Stocks Bullish Percent, fell from 69.4 to 66.5. Very close to going Bear Alert. The Cum Adv-Dec Line for the NYSE, ASE and OTC are all lower than last week and are lower than their reading of 10 days past. One of point and figures most important mentor's had this to say yesterday www3.techstocks.com Take care, Eric

To: HairBall who wrote (1077)	12/9/1998 6:55:00 PM
From: HammerHead	Read Replies (1) \| Respond to of 99985

from briefing.com Merck & Co. (MRK) 151 15/16 -5 3/4: pharmaceutical concern says that it expects FY98 EPS between $4.27 and $4.34 a share, in line with the First Call estimate of $4.30, but sees FY99 between $4.85 and $.95 a share, below the First Call mean estimate of $4.97 a share; company also reports two six-month safety studies on VIOXX, its once-daily, anti-inflammatory COX-2 specific inhibitor, the cumulative rate of ulcers was similar to the rate on placebo and significantly less than the rate on ibuprofen; with regards to two acute pain studies, VIOXX relieved dental pain and post-orthopedic surgery pain comparable to widely used prescription NSAIDs and superior to placebo.