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

To: Vitas who wrote (11061)	4/15/1999 12:10:00 AM
From: HairBall	Respond to of 99985

Vitas: Nice snipet, thanks for sharing it... Regards, LG

To: Vitas who wrote (11061)	4/15/1999 7:04:00 AM
From: donald sew	Respond to of 99985

Vitas, >>>> To: +donald sew (11049 ) From: +Vitas Wednesday, Apr 14 1999 11:29PM ET Reply # of 11074 Donald, >>> the DOW components and may have noticed something of interest. Basicly all the DOW stocks which ran up hard today were the ones that just did not run up lately, and many of those that did sell off or were flat were the ones which have runup lately like GE, MRK,JNJ,WMT,etc.<<< "Market history is filled with examples of the NYSE advance-decline line reaching its peak prior to that of the DJI and refusing to go one bit higher no matter how much further the industrials surged ahead. This syndrome demonstrates a market advance which is becoming dangerously selective. As confidence lessens, more and more money flows out of the broad market and focuses on only the highest quality companies. This is always an important warning signal that the bull market's day of judgement is close by, and that you must watch your charts and indicators extra closely for further signs of the end." from the 1988 book "Stan Weinstein's Secrets For Profiting In Bull and Bear Markets" <<<<< That's something in line with what that old timer told me concerning that movement into the cyclicals could be a sign that the end of this rally is near. However, one thing that is not agreeing with it is the manner that market is broadening out over that last few days. Now that could just end after the last minute IRA $$$ which is today. Another thought is that a runup in the small/mid-caps themselves could also be a sign that the end of this rally is near, as was the case back in 1996 when the micro/small caps were rocketing, just before the correction. seeya