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

To: Lee Lichterman III who wrote (12386)	4/29/1999 12:22:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

Well I justran through manyof the sector indexes and not much of a change. The ones that have had strength as of late are appearing to stall. CEX, Gaming, Natural gas etc. The XAU just hit my target of 73 where the upper tine of the fork was so now things are starting to get interesting again. Will it reverse or break out to a new range? Meanwhile the weaker indexes are continueing their slaughter. Biotechs, Drugs and Healthcare are down about 10-20 points. The software sector is slowing it's drop somewhat which is surprising. and the high tech index TXX is about 20 points fromthe base of its fork bottom so it may need another day to complete this drop. Meanwhile the DOW is pretty much flat. I was hoping for a last gasp pushup so I could get a decent short on but I have the luck of taking time off and having nothing much happen. <g> Just my observations so far, Good Luck to all, Lee