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

To: StockOperator who wrote (12457)	4/30/1999 1:51:00 AM
From: g_m10	Read Replies (1) \| Respond to of 99985

S.O., Usually, after reading your posts, I feel better about market. Tonight even you couldn't help me. <G> COMPQX, SP-500, RUT, all of them topped off and turned south. Only "smoke screen" DJ-30 keeps creeping up. Feels like profit taking that started from Internuts might spread across the market. Great thread. Thankful lurker.

To: StockOperator who wrote (12457)	4/30/1999 5:57:00 AM
From: bearshark	Read Replies (1) \| Respond to of 99985

SO: The most unnerving part of this market (at least for me) is that the issues are leading the volume. In so many words, the small money is pulling the large money with it. At any rate, this market gave a buy yesterday and it was bolstered by the success of the DOT holding. The last time this signal was given, we were at 10400. I will feel confident if the DOT moves up and RNWK is poised to help on Monday--and it already is pouring it on. On the INDU, I would feel confident if IBM and HWP resume leadership; CAT, IP, AA, and the basic fellows give back some money; and MRK, GE, and WMT get it back. I think the futures are pointing to a strong opening. Let's see if they are telling the truth. Any sight of failure and I will begin buying puts.

To: StockOperator who wrote (12457)	4/30/1999 9:35:00 AM
From: donald sew	Read Replies (2) \| Respond to of 99985

StockOperator, >>>> Tomorrow we will see another report released by the government. I have to believe that that report will be favorable to the markets simply because the DOW the last two days has set itself up for a breakout, possibly into the 11,000 range. <<<<< Whether the report is good or not, it is getting obvious that it is likely for the DOW to get to 11,000 or even higher, but at the expense of other sectors. Now if all the indexes were to move up at the same time and set new highs, I may have to concede my short-term bearishness, but that hasnt happened yet. We all know the old saying that the market can make moves which will benefit the least, and I think from about APRIL 13 that has been the case. How many of the average investor made money since mid-APRIL. Prior to mid APRIL, when the DOW was around 10,500 the money was being made in the HiTECHs/DOT/DRG/some DOW stocks like GE,WMT,MCD and most of those stocks are down and some have actually lost money if they got in at the highs. Now how many bought the cyclicals/basic materials/Transports excluding the airlines(since airlines are basicly flat for that period). And many of those stocks which pushed the DOW up above 10,500 spiked up so few were able to benefit. I am specificly talking about the period from about Mid-April. seeya