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

To: Terry Whitman who wrote (10186)	4/7/1999 8:59:00 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 99985

Hi Terry, well the latest is that the ad line don't count. <g>

To: Terry Whitman who wrote (10186)	4/7/1999 9:08:00 PM
From: Les H	Respond to of 99985

There was an interesting news item on mutual funds in the WSJ. Investors in Large Cap Value funds are now net redemptions and piling them into Large Cap Growth funds. The hottest fund being Janus Twenty. As for the utilities and other interest-rate sensitive groups breaking down, Briefing.com projects a upside surprises for the upcoming CPI and PPI reports. The PPI is at the bottom of the economic calendar below. The CPI is at the top of the next page linked to by the below URL. biz.yahoo.com The previous month's PPI report was -0.4%. The market expects 0.2% for this month's report. Briefing.com's projection is 0.5%. The core rate ex-energy and food shows a smaller discrepancy.

To: Terry Whitman who wrote (10186)	4/7/1999 9:10:00 PM
From: bearshark	Read Replies (3) \| Respond to of 99985

Terry: For the first time since early October 1998, I am bearish. Tomorrow's early trading will be very important for me. We need high volume for a move up from here. Here is what I was ready to post before I saw your note. Block Moneyflow figures in millions. INDU stocks +455.3; SPX +93.6; RUT -190.7. Of the INDU stocks, three were the top three for positive moneyflow. C +205.8; T +156.2; and IBM +153.2. Of the INDU stocks, two were among the leaders for negative moneyflow--MO (of course) -51; and UTX -42.8. So of these 5 leading INDU stocks, their net positive moneyflow was +421.4. The individual stock moneyflow appears to include both non-block and block. The total positive moneyflow for the INDU stocks with block and non-block numbers is +664.0 About the first 60 points of the rally in the INDU today was accomplished with declining volume exceeding advancing volume on the NYSE. That simply bolsters the above numbers. And the above numbers, now provide meaning to the chart below which is as ugly as ever. decisionpoint.com