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


To: donald sew who wrote (11245)4/16/1999 4:06:00 PM
From: Kip518  Read Replies (1) | Respond to of 99985
 
Favors (just on CNBC) says market (nasdaq, s&p, nyse) topped on April 12th (1 day from Bradley). Dow to top next week. Titanic indicator one condition from being operative.

What we're now seeing is churning at the top.



To: donald sew who wrote (11245)4/16/1999 4:16:00 PM
From: Vitas  Read Replies (1) | Respond to of 99985
 
Donald, it kind of seems like someone's sneaking out the back door with the goods while every one is watching the parade (the Dow,
the a-d, etc.), doesn't it?

It's the strangest thing I've ever seen in the market.

Vitas



To: donald sew who wrote (11245)4/16/1999 4:26:00 PM
From: HairBall  Respond to of 99985
 
donald: However the market is broadening at the cost of mainly the big HiTECHs/NAZ. any thoughts. This is really unique.

I posted several weeks ago, that I expected this to happen, except on a broader scale. I think it has begun and need to check it out.

Regarding the problem I was having importing long-term histories into my software's database...the "lady" in charge of WOWs tech department contacted me and pointed out a simple built in solution, an editable field in WOW's software that allows me to import long histories. It seems that both I and the tech rep were looking right at the easy built in fix with glazed over eyes...<g>

After, I re-build my database one more time, I will have histories of all stocks and Indices going back to 1970. After I complete that chore, I will take a look at the large cap stocks I talked about in my post weeks ago and try to validate that what I thought would happen is happening.

I will get back to you later this weekend or Monday at the latest.

**OT** Since no one got back to me with any suggestions for the dissolving text box on the web site...my wife as part of my birthday, gave me Bartlett's Book of "Business Quotations". Some great short quotes in there...<g>

Regards,
LG

Disclaimer: My posts are my opinions only and I reserve the right to be wrong on occasion. Do not base any investment decision solely on anyone's views or analysis. Do your own research and take responsibility for your own investment decisions.



To: donald sew who wrote (11245)4/16/1999 4:38:00 PM
From: James Strauss  Read Replies (1) | Respond to of 99985
 
Don:

With the advent of instantaneous information flow aided by the internet it's easier to move money from one sector to another much faster... Everyone is aware of Tulip Mania... We are probably seeing institutional money hedging their bets by reducing their large cap high tech exposure for mid cap and low cap value stocks...

As an example, selling 10,000 shares of AOL @142.00 = $1,420,000 available for small to mid cap purchases... If that money goes to buy stocks costing $25.00, you can buy 56,800 shares of these small to midcap stocks... Multiply this by the hundreds of millions of dollars and more, and you can see the huge amount of money that is beginning to flood the small cap and mid cap sectors...

Jim



To: donald sew who wrote (11245)4/16/1999 4:48:00 PM
From: Terry Whitman  Respond to of 99985
 
Don, I heard several times on CNBS today that the 'Wall Street' crowd was cynical that this rotation could continue. Think one of them was Creamer. I expect it to continue then..

Added to my gold position this morning. This is the Gold breakout I have been waiting for. No confirmation yet on Transports. Don't forget that they rose to within 100 pts. of confirming last July before rolling over. I will be closely watching them over the next few days as a topping or continuation indicator.

Best of Luck,
TW