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To: Chip McVickar who wrote (14295)2/1/1999 8:19:00 AM
From: robert b furman  Respond to of 44573
 
Hi Chip

Some input FWIW:

25 day moving averages

NYSE - seemed to reverse on thursday net difference for the last 25 days is now at -1503 vs -1714 on thursday -1368 on wed -548 on both tuesday and wed.(-1908 fiday before)

NAZ continues to show more strength:

1520+ friday
1280 thurs
1436 wed
1863 tues
1850 mon
167 fri
17 thurs
-66 wed

Three day ma on both naz and nyse are very close and appear like they are about to turn from more declines to more adv.(positive)

This is reinforced by a 3 day ma on new highs and new lows.

The nyse is quite confusing and is flashing a warning in that both new highs and new lows are going up at the same rate.New lows going up is a ominous warning which can be sector rotation or BK in not too distant future.

New highs on Naz are showing the secret to the market IMHO.They are up nicely' as the new lows are behaving very well.There is a general flow of money going into the naz mid /small caps.It is now very subtle' but with time it shall be explosive.When that happens,I want to be short for the BK.

Right now for this week it looks as good as it has for quite some time-albeit with great voltiliy (opportunity).

Let's all have a profitable week!!!!!

Bob