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

To: Les H who wrote (6831)	2/22/1999 10:56:00 AM
From: Daflye	Read Replies (1) \| Respond to of 99985

Anybody else look at IBDs Mutual Fund Index??? It's a composite of about 23 top performing mutual funds (according to IBDs ranking system). The daily chart on the back page of section A is just another indicator. Currently the index is trading around 501.8, down 2.3% for the year, smack dab in between it's 50dma around 515 and 200dma at 487. the 200 dma peaked around Aug 21st around 499 and has been steadily trending down. Just runnin' it up the ole flagpole.... Cheers, D

To: Les H who wrote (6831)	2/22/1999 11:25:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

INDEX UPDATE ===================================== With the DOW up 100 points my short-term technicals are right now at a BORDERLINE CLASS 2 SELL SIGNAL with the buy-in at tomorrow's highs. It could also morph into a CLASS 1 SELL SIGNAL by moving significantly higher than todays highs in which case the buy-in would be WED's highs. It could also reverse right from here. So the window of the reversal should be between now and WED's highs. The NAZ & RUT are still only in the lower midrange, meaning that it has more upside. The SPX & OEX just entered the short-term overbought region and have not yet reached the extremes of the CLASS SELL signals. In light of the NAZ and RUT still relatively low per my technicals I am more inclined that a reversal would not start today, but who knows. Seeya

To: Les H who wrote (6831)	2/22/1999 6:18:00 PM
From: Moominoid	Read Replies (1) \| Respond to of 99985

Lately there has a secondary top before the bull run is over for each 9-month run. December 96/March97, July 97/October 97, April 98/June 98, January 99/?, etc That is exactly what I have been seeing and expecting before the BK on Y2K/Japan and whatever worries + realization that profit growth outside of a select few stocks is not good and that those select few such as DELL are way over valued. Was just looking through BWs latest "business scoreboard" which really puts the point home on stocks like Gilette or Coke which have very high PEs and zilch in growth. Monday's move was a bit of a surprise but still within the trading range. David