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

To: donald sew who wrote (12190)	4/28/1999 10:41:00 AM
From: StockOperator	Read Replies (3) \| Respond to of 99985

Don, I would be leery heading into that final week before those stocks are pulled out of the index. I agree that they may skew the overall performance of the RUT. But in the context of trading the overall market I would be inclined to see how the rest of the avgs are performing at that time. Especially the transports which as of yet have not taken out their highs of last year. So basically I would watch to see where everything else is trading. Let me also add a note here about the trading so far today. Some of those key resistance areas have been broken on an intra-day basis. The RUT is still weak. I personally am waiting for a solid decisive close above those levels before reading too much into them. The ball is in the market's lap. I will wait until I get the solid proof that those levels will hold. Good luck trading. SO