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

To: StockOperator who wrote (12236)	4/28/1999 2:30:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

StockOperator, I too believe that the gridlock will end soon also. One way to look at this gridlock is that it actually began in MID-APRIL and has been going on for over 2 weeks. From their previous peaks(intraday basis), the DOW is slightly up, the NAZ slightly down, and the SPX about even. When you look at the these 3 major indexes, on a average, they really have not gone anywhere. In the meantime the DOT.X has sold off more than other indexes and maybe that money has be going into the smaller stocks/other sectors. That is a positive for the market, but if you look at it from a momentum perspective, I cant remember a bull market being sustained on the backs of small caps and cyclicals. It has also been stated that the small caps and cyclicals are the last to move up in a bull rally, and one example of that was in 1996. seeya