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

To: donald sew who wrote (9285)	3/27/1999 10:39:00 AM
From: StockOperator	Read Replies (1) \| Respond to of 99985

Don, I think that anyone that disagrees for the sake of disagreeing is not doing anyone a service. That is why despite this thread's overall objective to call market direction, I've often tried to point out individual companies to watch that I feel might back my point of view. Without that it becomes just talking. I hate to be labelled as a bull. Just because my position has been bullish for some time. But with the DOW hitting 10,000 and more importantly the patterns on the charts that imo look very bullish. I have to stay in the bullish camp. Even though a-d numbers are lousy, and we've seen a big break in the Russell. The stocks that have powered this rally, as narrow as they might be, appear ready to continue their moves higher. I think its also important to point out that the transports have held up relatively well. We have seen some nice moves for some of the airline stocks. So time will tell. Have a nice weekend. SO

To: donald sew who wrote (9285)	3/27/1999 11:25:00 AM
From: F Robert Simms	Respond to of 99985

Donald, thanks for your comments. Your reports are one of the things on the net that I look forward to most each day. Short term I am bullish. My neural nets predict buys on the following day's close. They are still long on Monday's close. This means that they expect Tuesday to be an up day. They are based on 3 month commercial paper, NYSE advances volume, number of declines, Yen, NHB, oex call OI, and oex p/c ratios among others. Also the Williams A/D is trending up after trending down. SPX prices are raising off of oversold conditions. Later on next week is another story though. I don't look that far. If we go up, as I think will, then the SPX will be overbought on daily, weekly and monthly charts. As you know the SPX can remain in overbought conditions for quite a while. Best Wishes, Bob