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

To: thebeach who wrote (1699)	12/14/1998 1:12:00 PM
From: Ditchdigger	Respond to of 99985

A post I made this morning,,something has to give,IMO "To: Ditchdigger (10877 ) From: Ditchdigger Monday, Dec 14 1998 8:24AM ET Reply # of 11301 I see the guru's on CNBC are now talking divergence,here's a good example. From my post on Dec. 1 "I told myself on the first hundred point drop on the DOW(for the recent run),I'd step aside,I did..be careful out there...DD (Dow 9116.55/Nas1949.54) Dow currently 8821.76-difference of -294.70 Nasdaq 2029.31, difference of + 79.77 If we apply the multiple of 5 to the Nas-conversion to 398.85 DOW pts. Since Dec. 1 divergence of 693.55 pts.,most(or a good portion<g>) of which is made up of the big 4 ...just playing with the calculator.IMO,if the big 4 crack,we could see some pretty good downside movement...later DD RJR laying off 1300 and taking a charge of 300mm+"