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

To: Compadre who wrote (12176)	4/28/1999 3:15:00 AM
From: Berney	Read Replies (1) \| Respond to of 99985

Jaime, it's hardly so! Let me view that my concept of the market is a four-legged stool -- Technology, Retail, Financial and Drugs. The Dow or Diamonds just does not reflect this reality. 27% of the Dow are industrial cyclicals and oil; IMHO representing the past! If one adheres to this concept, one need only watch MSFT, WMT, C, and MRK and the grandpa of them all, GE, to see what is happening in this market. One can replace their favorites on the list. The fact remains that we are dealing with a stool. When a majority of the legs are not participating, it is not a time to rejoice! TB