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

To: Compadre who wrote (12168)	4/28/1999 1:38:00 AM
From: Berney	Read Replies (1) \| Respond to of 99985

Jaime, you should understand Jim Hopkins Head/Tail concept. When the market ia attaining new highs and the Big Boyz are selling off, it is not a time to be aggressive to the long side. Frankly, this is a violent sector rotation. Sector rotations that use to occur over weeks or months are occurring over days. There is a lot of money to be made with this knowledge. TB

To: Compadre who wrote (12168)	4/28/1999 9:21:00 AM
From: StockOperator	Read Replies (1) \| Respond to of 99985

Jaime, Things do look a little tired. The futures this morning are pointing towards lower prices. As I said in a previous post many of the avgs. were sitting right at critical resistance. If this immediate trend had any legs it should have decisively broke through those areas. Which it did not. Only the DOW was able to do so. The fact that the RUT only had to rise .33 of a point to break that level and COULD NOT tells me that it had no legs. The same thing applies for the S&P which failed to break it's high by only one point. So I do believe now is the time to be defensive. It will be important to watch some of the charts of companies that have not performed well just recently. Some of the second tier internet companies like ONSL and even the big guys like DELL and INTC to see just how much damage will be done. Good luck trading. SO

To: Compadre who wrote (12168)	4/28/1999 10:41:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

jaime choy: The DJIA went to new highs on increasing volume. On the surface it look good. But in looking at the OEX and the SPX, they did not participate, and there were signs of distribution. The NAZ was also losing I have said it before, but I believe it is worth saying again. The OEX/SPX contains elements of both the DJI and the NDX. When they skew the OEX/SPX will fall in the middle with a DJI bias depending on the divergence of the DJI and NDX. IMO the OEX/SPX are NOT leading indicators. I post the SPX on my chart page only because others find it of use. If I were to use it, it would be as a smoothing indicator being most valuable when the Market is moving more in unison. And, of course if you are investing in an S&P fund or trading options, futures, etc. Regards, LG