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

To: Vitas who wrote (11329)	4/18/1999 3:32:00 AM
From: Death Sphincter	Read Replies (2) \| Respond to of 99985

V-Guy.......you know what i was spewing back on the 13th: Message 8873706 i don't make a habit of spewing all the time, only when i feel that it is a high % spew...and not always necessarily a major top/bottom, but a good turn, with a potential of something larger. from that post the turn was S&P 1363-1368 and NYSE 633-638.....i let lose on OEX, QQQ and DJX on the close that day and early the next day with POOTs absent from that spewage was a DOW number....the DOW Max off the same read was 10,600-10,610...I was reluctant to believe my eyes and thought that it would just fall way short as the others turned.. also, at the same time it was giving me a TRAN Max of 3565-3569 I was sceptical of both the read smelled of S&P down to 1300-1310, with DOW down to 10,000-10,100ish now what has happened is weirdest thing i have ever seen, i have been following since the mid 70's......i can not recall EVER seeing such a divergence between the SP and DOW, 4 higher closes for DOW while SP had 4 lower I cashed many of the OEX and QQQ Friday, as 1300-1310 was hit, and am holding the DJX which had actually picked UP premium until the end of Friday. Always take some money off the table and play with 'house' money. Mon-Wed will be interesting...i don't know what to make of the divergence but i think it smells like that left-over tuna salad in the back of my refrigerator. MSFT reports Tuesday and this week is the heaviest week of earnings......look back at the Quarters in the past several years when the market was at new highs and you will see that it often turns right after MSFT earnings i also didn't state the Max move numbers on the NAZ in my spewage, and it is also a case of "I can't believe its not butter" but it is 2765ish?? SOOOOOOOOOOOOO...what the hell am i talking about? well, i took GOOD money off the table and still hold some short action but i want to see the next 2 days and IF WE GET A RALLY WATCH THOSE NUMBERS DOW- 10,600ish...TRAN 3565ish....SP 1363-68..NYSE 638..NAZ 2760ish?? BUT, if we head down, I will look to buy the initial dip to 10K.... years from now some one will come up with an indicator that says "if the DOW closes higher for 4 consecutive days while the SP closes lower each day and the Trannies go ballistic while my hemorroids dangle like cauliflower and the RUT lies like cheap sod while the Utilities show no energy.....then buy CAT.com, cause they project more negative growth but will go up 50%+" anxiously awaiting Monday Sphinkty-guy