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

To: j.o. who wrote (15496)6/1/1999 4:21:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
J.O.,

The upmove in the DOW was caused by a rebound in the CYCLICALs/BASIC
MATERIALs, so there's still some money rotation.

Most of the CYCLICALs, on a short-term basis were oversold. The momentum in the HiTECHs and INTERNETs are losing steam but the cylical's momentum still has a more momentum left, but will also be on the decline.

seeya



To: j.o. who wrote (15496)6/1/1999 6:27:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
j.o. on nasdaq 50 dma is about to cross 20 dma, last two times this happened were 3/4/99 and 8/17/98, pick your poison -g-

also AOL appears to narrowing into a decision point.

Have many of the day traders been margined out of the game?

bb


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