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

To: bearshark who wrote (12218)	4/28/1999 1:41:00 PM
From: StockOperator	Read Replies (2) \| Respond to of 99985

Bearshark, I think it's a distinct possibility that the big money is positioning itself for a major move at least when you consider the other avgs. As I said in a previous post today, the RUT is positioned for a break into higher levels. Of course that move has not happened yet. But looking at last week's trading and then comparing it to this week in the context of the major resistance that we are running into, a major push is possible. Look at the transports today. The high so far is 3629. The high the previous two days is 3630. IMO, I liken the action in the RUT and the trannies as being in a pressure cooker. Something is going to have to give. But yet I do not want to be preemptive. As L3 pointed out many stocks are still under pressure, MRK is a perfect example. So perhaps the end of the day will give us a better understanding as to which way this may break. Good luck trading. SO