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

To: James Strauss who wrote (11458)4/19/1999 4:05:00 PM
From: StockOperator  Read Replies (3) | Respond to of 99985
 
Jim,

I agree. Plus the fact that the major avgs. are correcting and rotating independent of one another does not point to any major exodus in the market. I think you have to view this pullback in the context of the big picture. My goal has always been the call the major direction of the overall trend. You and I are in agreement that that direction is STILL pointing higher.

Thanks

SO



To: James Strauss who wrote (11458)4/19/1999 4:08:00 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 99985
 
James,

I think you correct about rotation in the NDX, one stock I follow is SANM. About 15% of todays volume was after 3:30pm taking it from the low of the day 61 13/16 to close at 65....

Jeff


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