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

To: HighTech who wrote (3694)	1/11/1999 8:46:00 PM
From: jjs_ynot	Read Replies (1) \| Respond to of 99985

I get NYSE ARMS index from here: quote.yahoo.com Where is the NAZ equivalent?

To: HighTech who wrote (3694)	1/11/1999 10:13:00 PM
From: StockOperator	Read Replies (2) \| Respond to of 99985

After the kind of move we made last week some sort of give back would be expected. Today's trading was enough to make anyone dizzy: AOL finally breaking out, INTC and DELL making huge moves, airlines giving back some of their gains, MO gaining ground, interest rates-gold- dollar all at pivotal points, GM trading like an internet. Crazy. If this is a market blowoff I don't believe we've seen the highs yet. I believe following as many pieces of the puzzle over the next couple of days and weeks will tell us much. Keep a close eye on interest rates. A rise in rates will definitely not help already lofty valuations. Keep a close eye on the RUT. It closed near its high today. Many of the small stocks I follow are showing signs of strength. Many are making big moves. Most of these companies are NOT in the RUT so their performance is not being gauged by an index. The point that I think is most interesting is they are very early in their moves. I'm talking about stocks that were once trading at $15, $20 that are now $2, $3 - with heavy insider buying. Just breaking out! So I don't know what this says for the stage of the rally we're in. I do believe Bobby B makes a good point about the kind of performance the nutz would have to deliver if this market continues to go higher. Not sustainable. And if and when they fall, I would seriously doubt the rest of the markets ability to not fall with them. So I'm bullish until I see more damage to the charts. I will admit though, watching stocks like GM gap is making my stomach very queasy. I think we'll find out soon enough. Have a good night. SO