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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.10

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Jan 23 4:00 PM EST

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To: HairBall who wrote (17409)	6/15/1999 12:27:00 PM
From: Chip Anderson	Read Replies (1) of 99985

Ah... Now I see what you are referring to. Thanks for the clarification. Good to see that both charts confirm a major uptrend beginning in 1974 and now well into overbought territory even on a semi-log scale. Could you please post exactly how your NYA-COMPX composite is calculated and your reasoning behind using it as a proxy for the entire market? I looked in the SI archives but, alas, could not find it. Too many posts on this thread! ;-) Someone (not me) needs to volunteer to maintain a set of "Best Of" links I think. TIA. Chip stockcharts.com

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