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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: Vitas who wrote (33347)	11/13/1999 4:18:00 PM
From: Walt Deemer	of 99985

Presumably the effect of that is over and we need to look for another peak [in the 4/52-week NASDAQ/NYSE volume ratio] over the threshold level, and then a secondary and perhaps tertiary lower peak after that? Sometimes -- but sometimes an initial peak is all the warning you get. I'm just a simple type, so as far as I'm concerned, as long as the ratio keeps rising, it's telling us that speculative activity is still building, and when it reverses, it's telling us that the speculative advance has probably run out of steam. (And, personally, I don't think I'd like to ride the roller coaster between the initial peak and a possible secondary peak with a fully-invested position). ;O) -- Walt

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