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

To: donald sew who wrote (6380)	2/16/1999 7:08:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 99985

Donald, The Dow is currently the stronger index. It tried to break the descending wedge to the upside on Thursday. But I cannot rely on the Dow 30, which is not cap weighted, so I look at the NYSE composite and see a better picture of said wedge. If the NYSE composite can break to the upside (trade over 595 today, 594 tomorrow) then we will probably have another rally to (marginal) new highs. IMO chances are against this, and the NDX will lead the market lower. ATG