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

To: Lee Lichterman III who wrote (12249)	4/28/1999 2:37:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Lee, >>>> Meanwhile the TXX Tech index isn't budging. I think this confirms that techs are out and the other sectors are in. I just don't understand how transports can be up while oil is going up also. Same with utilities and TYX/interest rates. <<<<< Lee, I may be wrong, but this could just be a trading phenomenon, that has been going on for 2 weeks already when the strong money rotation began. Keep in mind that if we look at the DOW/NAZ/SPX on an average, they really have not done anything. The smaller caps and other sectors like the transports have gone up at the expense of the DOT.X going down. I checked the LG dictionary of market terminology and it is called the PING PONG phenonomon. ggggggggggggggggg seeya seeya

To: Lee Lichterman III who wrote (12249)	4/28/1999 2:50:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Lee, there is a theory on why the transports can move together with the oils. it has to do with the recent increases in fares. apparently the additional revenue thus created more than compensates for the increase in fuel costs. i also think that the rise in crude is more demand-related than most people suppose at this time. there must be a reason why crude,copper, the gaming index and asian stock markets are all moving up at the same time. the markets seem to anticipate that the asian recovery is for real. and that would be great news for airlines, far outweighing the fuel cost factor. of course, if crude were to move beyond $20/bbl.,all bets are off. regards, hb