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


To: Vitas who wrote (6277)2/12/1999 11:58:00 PM
From: James F. Hopkins  Respond to of 99985
 
You got the idea, I call the head the 10 biggest caps, and the
tail the 20 smaller ones. The smaller ones are thinly traded
but comparison, and if they hold the index up while the big
ones sell off we get set up for a fall.
ie; it loses it's ability to be liquid, at this time it's
less liquid than it was DEC 8th. so I half way expect her to
fall below 9000, and if she does I then expect some downside
momentume. ( unless the fed steps in or the 30yr rate falls. )
back to about where it was DEC 8.

quote.yahoo.com
it was taht low rate that helped her get up, but
now what is she going to do for an encore.
Jim