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

To: Lee Lichterman III who wrote (11921)	4/23/1999 7:23:00 PM
From: pater tenebrarum	Respond to of 99985

Lee, the way money is rotating among sectors recently was mentioned by Donald in his index update as very suspect. on the other hand, sector rotation is a normal occurrence during bull markets. but the a/d is a really worrisome aspect. if you look at a/d charts vs. the dow you will note that almost always when tops were put in after the a/d deteriorated, it started to improve somewhat before the top was in. this was the case in '69, '72, '87 and '90. combine this with analysts voicing increased bullishness and a troubling picture emerges. but as i have pointed out on other occasions, there are still quite a few sentiment indicators indicating skepticism regarding the recent advance. we may therefore still go higher, even quite a bit higher, before the rally tops out. with the first red flags raised though, extreme caution is surely advisable. regards, hb

To: Lee Lichterman III who wrote (11921)	4/24/1999 1:26:00 PM
From: Lee Lichterman III	Respond to of 99985

I "think" I just updated all my charts at the MDA website. I keep hitting refresh but I can't view my changes as I keep getting the old setup. I tried to add another set of my DOWm NASDAQ, SPX and OEX charts, ( I have about 5 sets I look at) and added the Helsinki Index per the earlier post. Hopefully there are no overlap problems and they work as intended. I need to check out all the buttons etc to insure they link correctly. I am going to dump my cache again and reboot the computer to see if that works. Not much I have noticed right off other than ... The DOW triggered a class 2 sell Friday so I expect a pullback in the next week as did the Russell 2000. The DRG and HCX daily charts show a retrace of 50% then a reversal that could be an indication that this bounce was only a temporary recovery before another fall based on how rapid the indicators are bouncing with them. Also on my regular stock charts, the recent rises the last few days have been on decreasing volume. Not what one wants to see for a healthy run up. Again, the weekly and daily index charts are in disagreement as to how much upside is left with the weekly charts looking more bullish. I am just getting started with my homework and need to do some lawncare and other spring chores so I won't know the big picture until later. If anyone notices problems with my portion of the MDA site, please let me know. Good Luck, Lee PS - Having problems posting with squid errors, if this shows up more than once, that is why.