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


To: HiSpeed who wrote (1743)12/14/1998 4:02:00 PM
From: HairBall  Respond to of 99985
 
HiSpeed: Whacked for sure. The 200 day SMA on the Industrials gave way, but the 50 day SMA provided additional support, so far...

EDIT: Note the Transports were buoyed by their 50 day SMA as well.

Regards,
LG



To: HiSpeed who wrote (1743)12/14/1998 5:24:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
The cream of the wheat got whacked. The top 5 stocks which make up over 60% of the Nasdaq 100's weighting were down on average 4.10%.

MSFT -4.52%
INTC -4.19%
CSCO -3.74%
WCOM -3.40%
DELL -3.63%

The OTX (Nasdaq 15 Most Actives Index) was down 3.1%.