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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.38+0.1%Nov 12 4:00 PM EST
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To: Yogizuna who wrote (22366)8/6/1999 7:15:00 PM
From: James F. Hopkins  Read Replies (1) of 99985
 
Yogi; For Right now it is, based on it's activity, how long
that may last I don't know. I'm using 11 of the most active stocks
on a 3 month average..and then on a 10 day average as check
on market sentiment, I drop out the one day IPOs or flash in
the pan types. I cut the Naz volume in 1/2 and look for
Dollars traded by Volume X price of stock.
It just makes sense that the most active by dollars is going
to indicate the market better than just looking at market cap.
I call it the DVI ( Dollar Volume Index ) and weight it by
Dollars traded. AOL is now at the top of the 11,
GE was 7 but just dropped to 8 behind Yahoo.
It's a mania but no need to fight it the DVI will reveal
when it changes.
My DVI ended the day at 702.5 , down 0.23% on 6% more volume
than normal ( 3 mo avg ) THE recent LOW for the DVI was
Wed the 4th at 697.03 ( closing values )
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When the market is high and at times going up I often see
what I think is distribution, well inversely at times when she
is down I see what I think is accumulation. And I think they
are trying to accumulate at this time.
I went long the XLF today and damm near got my head handed to
me as it dropped 3% but I stuck with it till the close and bought
3 times, we will see.
If they kill the financial sector in the long run the market dies,
and it's really beat up.
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My idea is to buy when the new lows peak, and to
sell when the new highs peak , if I could just get it
to work. <G>

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