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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

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Nov 10 4:00 PM EST

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To: Chip McVickar who wrote (16316)	6/7/1999 3:16:00 PM
From: Terry Whitman	of 99985

Chip, Not sure what you mean by the HM buy at $14. I did not see an OBV divergence at that point. The divergence started showing up in January and has increased substantially since then. The GE chart Jan-Mar is a great example of the price-OBV divergence, and the resolution was Up as expected. BTW- the GE chart is showing a slight bullish divergence at present IMO. The HM divergence could continue, but I suspect it will resolve before long. That could just mean it goes to $4 on heavy volume- but me thinks the most likely resolution is for the price to follow the volume up as usually is the case. Never tried using OBV intraday- I'm sure there are instances where you could find the same type divergences. If one had software to help find them, it may be quite useful- but they are not extremely common, so it would otherwise require alot of effort to hunt them down. Regards, TW PS- There are so many people looking for $200 gold that i don't think there's any way it will happen. <g> Commodities appear to me to be heading up. BWDIK

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