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

To: HairBall who wrote (11554)	4/20/1999 10:04:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Larry, It is still early, but as I indicated in my index update the rotation appears to be continuing with the DOW dropping and the NAZ still in positive territory. The cyclicals and paper products are showing weakness now. The INTERNET index popped up at the open, but within minutes has given up almost all of their early gains which was about 18 points. Although the NAZ is still positive it has also given up some of its early morning gains. This is the first clue that when the bottom of this pullback arrives, that the money could be flowing out of various DOW sectors into other areas, and a slight hint that the INTERNETS may not get as much of that rotating money as other areas. The DOT is looking like its continuing to weaken or not improve as fast as other areas. Still early, just an early hint. seeya