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

To: William B. Kohn who wrote (4148)	1/18/1999 7:40:00 PM
From: Terry Whitman	Read Replies (3) \| Respond to of 99985

That's a good question- and I think the answer lies in the observance that markets mainly move together, and the Dow and SP 500 represent the largest cap stocks- They are also the benchmarks to which all professional managers are compared. I do follow the Nasdaq myself, and I occasionaly comment on it. My last comment was about 2-3 weeks ago, when I warned that the Naz was in extreme danger territory. I really cannot add any more than that. Since it's current state is bullish beyond any past experience- I could not possibly guess what may happen next- We are flying blind, and those who think they know how high it may go are only speculating- there is no past data to compare it with.. If you don't believe that buying a Nasdaq stock is a gamble- take a look at the Nasdaq A/D line. decisionpoint.com Your odds are better at the casino betting on red or black than picking a winning NASDAQ stock for the last several years. The NYSE A/D has only been tougher than red/black for about the last 9 months. decisionpoint.com Regards, TW