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


To: bearshark who wrote (12465)4/30/1999 9:48:00 AM
From: StockOperator  Read Replies (2) | Respond to of 99985
 
bearshark,

I think your comments about market leadership makes perfect sense. A strong sustainable rally will not happen on the backs of CAT and IP. Especially when stocks like MRK and GE are getting killed.

I believe the trading today in the NAZ, S&P and RUT will tell the story. The DOW seems to be on a mission all by itself, so it's performance may not give us the answers were looking for.

Oh yes, I wanted to add yesterday that the VIX has been rising the past two days but is now running into resistance.

Good luck trading.

SO