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

To: jjs_ynot who wrote (11943)	4/24/1999 12:54:00 PM
From: Compadre	Read Replies (3) \| Respond to of 99985

Dave_S: You are right, but don't forget that a few of them are showing hints of divergence. Like the compx, NDX, SPX, OEX and DOT. And as Stock Operator said in his post, you can't assume the strength of the markets will keep it safe from a crash. And in all reality, I am not able to foresee more than 2 or three weeks at time with my technical analysis, may be saying that is already stretching it. Even as the DOW never showed evidence of a correction in the price action, I did see some evidence of distribution last week when it gave back 300+ points from the top at 1.2 billion shs. I am not saying we will have a crash soon. Nobody can sy that, but it is not wise to let your guard down now. Regards, Jaime