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


To: donald sew who wrote (11425)4/19/1999 1:38:00 PM
From: James Strauss  Read Replies (2) | Respond to of 99985
 
Pieces Of The Puzzle...
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Don:

The NAZ is backing up your argument today, but Advancers are almost equal to Decliners on a day when the NAZ is down almost 80 points... So, what we are seeing again is the effect of the heavily weighted large caps NAZ stocks overpowering the index again... Otherwise, the NAZ would be flat to slightly down today... As more and more of that big cap money finds its way to the small caps we'll begin to see the NAZ rise... Also, as the selling subsides among these big cap NAZ behemoths, so will their downward heavy pressure on the NAZ index... Then it will rocket upward, unimpeded by those weighty big caps... Then, when the big caps start to recover, we'll see the NAZ go where it hasn't gone before... The pieces of the puzzle are beginning to fall into place...

Jim