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


To: donald sew who wrote (11407)4/19/1999 12:16:00 PM
From: James Strauss  Read Replies (2) | Respond to of 99985
 
Don:

There is now a 3:1 Advancers to Decliners ratio... There is nearly a 10:1 New Highs to New Lows ratio... quote.yahoo.com

The market looks great...

Some of the money that was in the Internets and other over extended stocks is flowing to the broader market... I wouldn't let the performance of a few overpriced large caps fool us into thinking that the overall market is in trouble... On the contrary, the unemotional numbers don't lie... More stocks are advancing and more stocks are hitting new highs while the number of stocks hitting new lows are drying up... There is nothing more Bullish than this...

Jim



To: donald sew who wrote (11407)4/19/1999 12:28:00 PM
From: john rieck  Read Replies (1) | Respond to of 99985
 
DOW up 234, NAZ down 30 and falling. Has anyone ever
seen such divergence? Any thoughts on if the nets/naz
will rebound, OR will they continue down with the
inevitable DOW pullback?