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


To: StockOperator who wrote (12116)4/27/1999 10:33:00 AM
From: donald sew  Read Replies (1) | Respond to of 99985
 
StockOperator,

It appears that the NAZ is responding to my CLASS 1 SELL signal, at least for the time being.

The DOW is still up, but that never got a CLASS SELL signal. Actually, it did surprise me that the NAZ is responding so well to my
CLASS SELL signal, since I was fearing that it may negate my signal.

I no longer put too much into the RUT anymore since in about 4 weeks it will be reramped and many of the hot internet stocks in the RUT will be pulled out. Those hot internet stocks in the RUT account for approximately 30% of the RUT and are no longer small caps. Some
of them are even as large as some DOW stocks, so it is skewing that
index. In JUNE the RUT may drop dramatically because of the reramping.

Seeya



To: StockOperator who wrote (12116)4/27/1999 11:06:00 AM
From: StockOperator  Read Replies (1) | Respond to of 99985
 
The Utilities have hit a high of 306.07 today - taking out the high of last week (304.15). Watch how it handles the 306.42 area. A break above that level could be the beginning of a major move.

Regards,

SO