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


To: donald sew who wrote (13036)5/6/1999 12:01:00 PM
From: Sonny Blue  Respond to of 99985
 
AOL cap is around 120B. CSCO cap is about 180B. These two are most influential components of the DOT.

AOL and CSCO are acting weaker everyday, so I think the major trend of the DOT is still down at this point.

But the long bonds yield is the key here. It looks like all markets are going in sync and waiting for that crucial employment report tomorrow. The bonds could break out of a triple top today and that'd spell big trouble for stocks.



To: donald sew who wrote (13036)5/6/1999 12:07:00 PM
From: Les H  Read Replies (3) | Respond to of 99985
 
IIX had bounced off trendline support yesterday along with SPX and OEX. AOL bounced off the 112 support area yesterday. Nice 34% correction for a supposed blue-chip net. RLX (Retailing) bounced off support at 850 today and will probably break soon.