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


To: James F. Hopkins who wrote (11373)4/18/1999 11:00:00 PM
From: Stoctrash  Respond to of 99985
 
Updated my charts....were either going to bounce back into this up creep...or break down like a $10 "hoaaa" looking for coke, IMO<gg>

homestead.com



To: James F. Hopkins who wrote (11373)4/18/1999 11:09:00 PM
From: jjs_ynot  Read Replies (1) | Respond to of 99985
 
Jim,

I think that you are dead on. The smaller caps can't support this market and the broader indices for very long.

Dave



To: James F. Hopkins who wrote (11373)4/18/1999 11:33:00 PM
From: studdog  Read Replies (1) | Respond to of 99985
 
JIM, interesting charts, thanks. The reason XLI has not matched XLB may be that GE makes up 24% of that index and GE has fallen this last week (partially expressed in the S&P graph). Please see my post to you on your QQQ thread about a strategy to play XLI this week (and maybe beyond).

Message 8997616



To: James F. Hopkins who wrote (11373)4/19/1999 12:07:00 AM
From: jjs_ynot  Respond to of 99985
 
At the moment futures are not reacting that strongly considering that Asian markets are up anywhere from 3 to 8 percent across the board. Perhaps the Asians are repatriating their money.