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

To: bearshark who wrote (13724)	5/12/1999 11:29:00 PM
From: Vitas	Read Replies (3) \| Respond to of 99985

Shark, >>> Today just did not make it<<< yeah, I'm getting nostalgic for a good old fashioned meltdown myself some signs of possible topping action: 1. 1% ema of a-d nudged down just under the zero line 2. fewer new highs two days in a row on two new intraday highs in NYA 3. IBM tsv (TC2000 indicator) reached the most extreme overbought level that it can get to. This usually leads to at least consolidation and possibly down, though the massive positive tick money flow figures would suggest consolidation. AOL sold off from 170 to 115 when tsv reached extreme overbought. 4. my favorite short WMT, huffed and puffed for a day and half after a great earnings report and closed weak. America's store - watch for it at a ticker near you. given the momentum coming into this point there should be plenty of time later to set up for leveraged index option bets. Vitas