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

To: Haim R. Branisteanu who wrote (2740)	12/23/1998 4:35:00 PM
From: Debra Orlow	Read Replies (2) \| Respond to of 99985

Iraq, impeacement, earning warnings and such Doesn't seem to change the bull all that much. This rally defies all sense of technical reason And so we'll sit back and sing "'tis the season".

To: Haim R. Branisteanu who wrote (2740)	12/23/1998 5:00:00 PM
From: Stephen	Respond to of 99985

Haim ... I've mentioned this in a number of places, and asked Don or LG about it a few days back. I'm not sure that normal technical weaknesses like bad breadth & hi/los actually mean anything at this time as the apparent weakness compared to the rising indices is just a reflection of two counter forces at work - the window dressing by the fund managers of the techs and blue chips and the tax loss selling of the small and poorly performing mid caps. Perhaps as the prices move so strongly for the positive stocks, there is inceased selling of the dogs because the portfolio's look so rich as the value increases ??. Who knows. However I have no idea what will stop this thing going forward ... the trin was always low today ... isn't that a buy signal ?? Good luck all Stephen

To: Haim R. Branisteanu who wrote (2740)	12/23/1998 5:06:00 PM
From: StockOperator	Read Replies (3) \| Respond to of 99985

I hate to beat my own drum but if you go back and read my posts I've been right on the money calling the direction of this rally. I called the highs in CSCO,,,saw YHOO and AOL playing catch-up with AMZN,,,even called for a break of 402 on the RUT today. I will admit a better case could have been made for the markets going down in light of the poor dynamics of the rally. The breadth numbers were lousy but based on the bullish chart patterns that have been developing, I saw higher prices coming. The RUT closed at the highs of the day, but is hitting upside resistance at 404. I won't get too excited until I see closing weekly prices over 405 level. Tomorrow could be that day. There are still many non-believers out there but when the RUT kicks in as well as the transports this rally will be broad based and definitely much healthier. SO

To: Haim R. Branisteanu who wrote (2740)	12/23/1998 7:47:00 PM
From: stockycd	Read Replies (1) \| Respond to of 99985

Haim, Can't trade the overall market technically when this unexplained strength in the NASDAQ just keeps going and going and going and going. I stand in utter amazement! I have been long with my mutual funds the whole time. The T Rowe Price Science and Technology Fund (of which I own shares) has gone from a NAV of under $24 in October to a close today of over $36. That is 50% in 2 months for a mutual fund (not counting distributions). It's crazy (but I can't complain.) I can find no technical explanation for this last week or so run up, so until things become a little clearer, I'm gonna keep my opinions to myself. GO market GO! DOW 20000 by 2000! Let it all hang out!!!!! Chris