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


To: HairBall who wrote (11368)4/19/1999 9:55:00 AM
From: HairBall  Read Replies (1) | Respond to of 99985
 
To All: Well, AMZN, AOL, DELL and YHOO all down this AM, no surprise the DOT is down again.

The Dow Indices are up again this AM, so are the NDX, COMPX and RUT. But in addition, one should note that so is the XOI, XAU and TYX.

I suspect that the NDX, COMPX and RUT will start giving back soon today. The Dow Indices while benefiting from a flight to quality will eventually be impacted as even safer ground is sought.

Just my view, play the Dow Indices rise, if you are nimble...

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: HairBall who wrote (11368)4/19/1999 10:13:00 AM
From: HairBall  Read Replies (1) | Respond to of 99985
 
To All: Just an additional note...

I feel uncomfortable with the Dow Transports rising dramatically while the XOI is doing the same thing, one's got to give.

I also am uncomfortable with he Dow Utilities rising dramatically while the TYX is on the rise.

The only explanation is flight to quality, but eventually the "big boys" will take one or the other down. My take is it will be the Dow Indices high flyers for a much over due correction. Of course this my opinion and not a recommendation to buy, sell or hold.

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.