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

To: James Strauss who wrote (2843)	12/25/1998 5:35:00 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 99985

James, It has moved up in the face of negative news... I think this is the big problem. We have not had any negative news. Further more, there are over 9000 mutual funds now which means there are 9000 fund manager pushing stocks. They will do their best to explain away all warning signs and keep pumping the balloon. We have a few time bombs ticking away. The biggest is in Japan. Don't forget China, Brazil, Russia ...... Ramsey

To: James Strauss who wrote (2843)	12/25/1998 6:22:00 PM
From: Monty Lenard	Read Replies (2) \| Respond to of 99985

The fact that the broader markets (S&P 500 and NYSE and Nasdaq) have already hit new highs tells me that the market advance is spreading out beyond the big caps James cannot a few big caps make these 2 indexes go up? On 4/21/98 82.4% of the S&P 500 stocks were above their 200 Day SMA. 12/24/98 51% were above. As far as ALL the stocks on the Nasdaq 4/21/98 48.9% were above their 200 Day SMA and on 12/24/98 23.5%. Doesn't look that broad to me. One more: NYSE 4/21/98 61.2% 12/24/98 30.6% Anyone buying the Nasdaq in the last couple of sessions has a rude awakening coming Monday/Tuesday IMHO because the tape is IMHO going to change. <gg> FWIW Monty