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

To: dennis michael patterson who wrote (13485)	5/10/1999 10:44:00 PM
From: donald sew	Read Replies (3) \| Respond to of 99985

Dennis, >>>>> Indeed, he called the April 8 date, but he was careful to say it was a turning point, meaning he was looking for a big move, and, yes, he thought the move would be down but it could be up. Looks like up was the correct direction. <<<<< Are you sure the overall market has been up since APRIL 8, Im actually using APRIL 13th? Im not sure the those who invested in the HiTECHs,INTERNETS,DRUGS,SPX,OEX,GE,MSFT,ETC would agree. Those who invested in the CYCLICALS,BASIC MATERIALS,TRANSPORTS,SMALL CAP would agree. I wonder if we compared the total market cap of those that went up and those that went down - were we flat,up,or down? Im more leaning towards flat. Just the DOT index by itself, and not including the other HiTechs, is just as large as the DOW stocks which ran up significantly since APRIL 13(the 15 smallest DOW stocks). seeya