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


To: Lee Lichterman III who wrote (12231)4/28/1999 2:12:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
Lee,

We have money rotation again. the DOW up 65 and the NAZ down 16. Using the ratio of 4.2 to compare the NAZ to the DOW the NAZ is down
about 67 DOW POINTS. And the S&P is down about 1. Basicly the market ain't going anywhere, which has been the case since mid-April. One up, one down, one flat.

Tie that in with my short-term technicals and this sideways action in the form of sector rotation is a topping sign.

seeya