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

To: donald sew who wrote (11359)	4/18/1999 2:41:00 PM
From: jjs_ynot	Read Replies (2) \| Respond to of 99985

The A/D improvement has not been accompanied by an improvement in Up vs. Down Volume (esp. in the NASDAQ). So while the number of issues going up has increased, money seems to be quietly leaving the market or rotating to safer sectors (big names or the RUT that has underperformed for the last several years) in anticipation of a correction. Many fund managers are almost required to stay fully invested so they rotate to less risky sectors as a downturn is approaching.

To: donald sew who wrote (11359)	4/18/1999 11:52:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

>>The market internals have not yet started to deteriorate relative to price movement so that is good. However, I have noticed recently that the NEW HIGHs/NEW LOWs have changed direction alot faster than in the past. In the past it could take several days/even over a week for the NEW HIGHs/LOWs to reflect a short-term directional change<< Could be that the small caps that have been down for so long were able to make the new highs look good faster since they hadn't been up in a long time. This could mask a lot of damage in the bigger favorites that aer taking a beating right now. MSFT, SUNW, DELL etc would have to fall a long way before hitting "new lows" while the smaller caps that have been sitting below their 200 DMAs for the last 12 months would only have to rise a buck or so to get counted as a new high. Just a thought, Good Luck, Lee