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


To: donald sew who wrote (12208)4/28/1999 12:33:00 PM
From: Lee Lichterman III  Read Replies (3) | Respond to of 99985
 
Not the answer to your question but it has been ages since I have been able to trade and can't recall the significance of what I am seeing right now. TRIN has just crossed over 1 which is bearish but TICK is skyrocketing which I recall is bullish. The indexes aren't moving much but some of the leaders I track are getting hammered. EMC whichnormally exhibits strength has fallen from 116-117 area to 112 and still falling, PC makers are getting hammered etc yet the NASDAQ is still only down about 20. Is this a flush out of weak shares where buying in is warrented or is this the last push up with the TICK before the real drop and a few stocks are just at the leading edge?

The indexes that looked weakest seem to be holding so far. What am I missing or forgetting here? Also the Declining volume is almost 2-1 in the major indexes but BB advances are highly positive on volume. Rotation to small caps?

Good Luck,

Lee

PS - Forget my call for AMR being a possible short, just noticed the airline sector didn't look too weak on closing data from yesterday despite oil prices.



To: donald sew who wrote (12208)4/28/1999 12:46:00 PM
From: Sonny Blue  Read Replies (2) | Respond to of 99985
 
DOT Components:
AMZN AOL ATHM BVSN CHKP CMGI CSCO EGGS LCOS MACR MSPG NETA INKT OMKT ONSL RNWK SDTI SEEK USWB XCIT YHOO

DOT Caps (in Billions):
32 139 18.6 1.53 1.29 12.1 180.8 0.428 4.1 1.664 3.31 1.916 6.231 0.49
0.518 6.192 0.828 3.288 1.86 8.169 35.703

Total DOT Cap = $460 Billions
Microsoft Cap = $358 Bil
GE Cap = $366 Bil



To: donald sew who wrote (12208)4/28/1999 1:11:00 PM
From: pater tenebrarum  Respond to of 99985
 
Don, the 97 components of the banc boston robertson stephens NETDEX index(which contains all the majors) had a combined market cap of $401 billion as of april 16. for comparison purposes the top 20 media companies had a combined value of $527 billion and WMT, the largest brick-and-mortar retailer $211 billion.

regards,

hb