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

To: Haim R. Branisteanu who wrote (3305)	1/5/1999 7:14:00 PM
From: Debra Orlow	Read Replies (1) \| Respond to of 99985

Tuesday new highs/lows New Highs New Lows Advances Declines Unchanged NYSE 86 12 1702 1354 499 AMEX 20 10 320 234 182 NASDAQ 93 23 2315 1805 797

To: Haim R. Branisteanu who wrote (3305)	1/5/1999 7:25:00 PM
From: Debra Orlow	Read Replies (1) \| Respond to of 99985

We are close to TOP BLOWOFF Haim, I have been feeling this way for the past 3 weeks. I believe that the end-of-year butt-saving is what held up the markets, and now we will see what end is really up. The divergences have never been this wrong all at once. What price/volume/time frame specifics will prove to you that the blowoff is in full force, and what will you look for to confirm when the blowoff is over? (Besides the obvious price downturn.) Thanks for your insight, as always. Debra

To: Haim R. Branisteanu who wrote (3305)	1/5/1999 7:33:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99985

Haim, while we had good breadth today and excellent up vs down volume, surprisingly, the new high list refuses to expand, and in both the NAZ and the NYSE we has less then 100 new highs. What is going on? That kind of behavior tells me that the market advance is narrowing instead of expanding, but what do I know? If you have an explanation, I'll be happy to hear it. Zeev