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

To: StockOperator who wrote (10549)	4/11/1999 1:34:00 PM
From: Mao II	Respond to of 99985

SO: Nice look at the landscape. (I hail from CPQ country and I'm gonna reference it on that thread.) Thnks, M2

To: StockOperator who wrote (10549)	4/11/1999 3:34:00 PM
From: Compadre	Respond to of 99985

StockOperator: Thanks for responding. There has been a lot of negative talk on the market lately and I needed some positive views to confirm my own analysis. I think the fact the CPQ is selling off on Monday ( at least it is our believe that it will do so) does not mean that it will pull the DJIA down with it. For sure the Tech sector may suffer a bit. But I hope you are right that when the dust settles, the uptrend will prevail. Regards, Jaime

To: StockOperator who wrote (10549)	4/12/1999 12:18:00 AM
From: Doug R	Read Replies (1) \| Respond to of 99985

SO, " I think to tilt the odds in your favor you have to take a look at the market from as many angles as possible." I totally agree. I feel that leading indicators should have a bit more weighting though. Also consider that money should flow into long term bonds tomorrow. Recently there's been a healthy move in bonds and the CPQ warning's short term effect on the flow of cash will help sustain that rally. 5.35% is a key area for support of continued higher stock prices and that level should be approached again this week. 5.65% is also a "ratchet" area as is 5.25% and obviously 5%. CPQ's woes are more history than anything else. The A/D line weakness and other past and present market internal levels are also more about history than the future. Long bond yields are more a reflection of future expectations. Looking forward is what markets are based on. Attention should be paid to interest rate movement over the next week or two for a solid clue to how "toppy" the market really is (or isn't). Just to throw in my own 2 cents, Doug R PS, Projection for a pre-correction Dow top of 11,400 about 3 months from now is still in place. That's only a bit over 10% from here which isn't too unrealistic since we just saw the market can still do 3%+ in a week. On another PS...from the past...the last 2 times the market opened with S&P futures lock limit down, the avgs. closed up for those days. 3 in a row would be implausible but...