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


To: Robert Rose who wrote (11528)4/20/1999 11:23:00 AM
From: James Strauss  Read Replies (3) | Respond to of 99985
 
Robert:

I looked at your profile... You're Mr. internet investor... : > Congrads on a great trading performance...

You're absolutely correct... This is the same country with the same economy as last week... The only thing that has changed are investor perceptions about the valuations of certain sectors... They are voting with their brokerage and fund accounts by moving some money out of the stocks that all of a sudden seem overpriced... This is good... it's an orderly transition of market leadership with rising Advancers and shrinking Decliners up until yesterday... Today, Decliners are leading Advancers... New Lows continue to dry up... We need to see those Advancers improve over Decliners to keep this market rotation bullish...

Jim