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

To: StockOperator who wrote (12195)	4/28/1999 10:53:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

StockOperator: Having read a few of the exchanges this morning, I am inclined to give you some support. Even though it is not needed...<g> All that read this thread on a regular basis, know you have been timely bullish into this rise into April. What you have been doing is prudent and commendable. You have been reading the Market on a more short-term basis looking for confirmation of the resumption of the rally into April after the pullback and retest. This offers caution for those not sitting on a profit and are thinking about jumping into this rally based on bullish expectations at this point. In other words, if you already sitting on "long" profit cushion, you can afford to hold if so inclined. If you have not yet anted up, the prudent thing would be to wait for confirmation of which direction the train is going and then jump on the train just at it leaves the station... Regards, LG Disclaimer: My posts are my opinions only and I reserve the right to be wrong on occasion. Do not base any investment decision solely on anyone's views or analysis. Do your own research and take responsibility for your own investment decisions.

To: StockOperator who wrote (12195)	4/28/1999 11:11:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

StockOperator, I am specificly only talking about the RUT. Right now the DOT.X is down and lets presume that the internets in the RUT are also down, it will skew the RUT to the downside, while underneath there actually could be a broadening of the true small caps. I am basicly saying that right now the RUT is so skewed that it may acutally give the wrong picture at times and right picture at times. It is so skewed that it can be totally misleading at times. At this time it may not be wise to rely on the RUT for ones analysis until it gets reramped or if those 10 stocks which are skewing things can be extrapulated. Until the RUT is reramped Im using the VGY(value line) to give an idea of the broader market. Since I have not followed the VGY I am not sure of its reliabiity, but I believe its better than the RUT until it gets reramped. By the way the VGY is still rising today implying that the market is still broadening, while the RUT is down. So if you want to make a bullish case you may want to consider using the VGY for the interim. Just a suggestion. seeya