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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST

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To: Death Sphincter who wrote (22660)8/12/1999 11:12:00 PM
From: Vitas  Read Replies (3) of 99985
 
Hey Stink, good to hear from you. Nice calls you've been making
the last few months.

I think the fact that we took out both rising trendlines in the a-d
line from February 1994 through May 1996 and February 1994
through March 1999 indicates that the trend has broken down.

The fact that we took out the October 98 bottom in the a-d line
clearly indicates that this is no ordinary correction within a bull
trend - valid four year cycle a-d line bottoms are supposed to hold
for the duration of the cycle.

The negative breadth thrust in and of itself indicates more
to go on the downside.

I would not even begin to look for an intermediate term bottom until
the a-d line corrects to its February 1994 level - currently 8201
negative a-d's below where we are now. Bad smells.

The similarity of this decline to the 1957 debacle is uncanny:
(McClellan ratio oscillator)

07/16/99 1418.78 9.61 07/15/57 49.13 21.54 08/25/87 336.77 2.54
07/19/99 1407.65 -1.43 07/16/57 48.88 10.35 08/26/87 334.57 -6.70
07/20/99 1377.10 -21.51 07/17/57 48.58 -7.80 08/27/87 331.38 -23.11
07/21/99 1379.29 -16.98 07/18/57 48.53 -9.23 08/28/87 327.04 -47.41
07/22/99 1360.97 -27.07 07/19/57 48.58 -13.09 08/31/87 329.80 -29.62
07/23/99 1356.94 -39.56 07/22/57 48.47 -17.06 09/01/87 323.40 -50.55
07/26/99 1347.76 -51.57 07/23/57 48.56 -19.23 09/02/87 321.68 -67.83
07/27/99 1362.84 -39.47 07/24/57 48.61 -14.93 09/03/87 320.21 -70.12
07/28/99 1365.40 -37.26 07/25/57 48.61 -12.47 09/04/87 316.70 -77.96
07/29/99 1341.03 -54.84 07/26/57 48.45 -24.00 09/08/87 313.56 -102.76
07/30/99 1328.72 -44.83 07/29/57 47.92 -46.84 09/09/87 313.92 -84.94
08/02/99 1328.05 -46.33 07/30/57 47.92 -33.34 09/10/87 317.13 -52.85
08/03/99 1322.18 -50.96 07/31/57 47.91 -25.35 09/11/87 321.98 -22.24
08/04/99 1305.33 -58.70 08/01/57 47.79 -32.44 09/14/87 323.08 -15.38
08/05/99 1313.71 -58.33 08/02/57 47.68 -26.99 09/15/87 317.74 -34.93
08/06/99 1300.29 -64.51 08/05/57 47.26 -44.33 09/16/87 314.86 -44.72
08/09/99 1297.80 -62.84 08/06/57 46.67 -62.02 09/17/87 314.93 -41.49
08/10/99 1281.43 -75.30 08/07/57 47.03 -41.67 09/18/87 314.86 -39.22
08/11/99 1301.93 -49.18 08/08/57 46.90 -38.29 09/21/87 310.54 -50.18
08/12/99 1298.16 -39.09 08/09/57 46.92 -37.35 09/22/87 319.50 -25.10
08/12/57 46.33 -54.35 09/23/87 321.19 -6.58
08/13/57 46.30 -45.10 09/24/87 319.72 -6.27
08/14/57 45.73 -69.22 09/25/87 320.16 -6.34
08/15/57 45.75 -59.20 09/28/87 323.20 10.02
08/16/57 45.83 -39.49 09/29/87 321.69 1.31
08/19/57 44.91 -64.91 09/30/87 321.83 11.24
08/20/57 45.29 -47.37 10/01/87 327.33 28.11
08/21/57 45.49 -17.94 10/02/87 328.07 29.62
08/22/57 45.16 -29.00 10/05/87 328.08 21.95
08/23/57 44.51 -54.13 10/06/87 319.22 -9.07
08/26/57 43.89 -74.61 10/07/87 318.54 -20.92
08/27/57 44.61 -31.96 10/08/87 314.16 -40.52
08/28/57 44.64 -14.06 10/09/87 311.07 -50.36
08/29/57 44.46 -25.89 10/12/87 309.39 -66.78
08/30/57 45.22 18.88 10/13/87 314.52 -43.84
09/03/57 45.44 34.99 10/14/87 305.23 -67.45
09/04/57 45.05 13.19 10/15/87 298.08 -87.12
09/05/57 44.82 5.40 10/16/87 282.70 -114.66
09/06/57 44.68 13.75 10/19/87 224.84 -141.04
09/09/57 44.28 -7.46 10/20/87 236.83 -139.41
09/10/57 43.87 -29.17 10/21/87 258.38 -74.05
09/11/57 44.26 -7.51 10/22/87 248.25 -88.12
09/12/57 44.82 28.69 10/23/87 248.22 -79.70
09/13/57 44.80 39.07 10/26/87 227.67 -104.15
09/16/57 44.58 24.93 10/27/87 233.19 -78.08
09/17/57 44.64 30.82 10/28/87 233.28 -74.92
09/18/57 44.69 37.52 10/29/87 244.77 -26.40
09/19/57 44.40 19.84 10/30/87 251.79 23.68
09/20/57 43.69 -14.49 11/02/87 255.75 42.05
09/23/57 42.69 -48.18 11/03/87 250.82 23.02
09/24/57 42.98 -24.13 11/04/87 248.96 21.01
09/25/57 42.46 -49.42 11/05/87 254.48 49.87
09/26/57 42.57 -29.14 11/06/87 250.41 50.08
09/27/57 42.55 -4.50 11/09/87 243.17 24.51
09/30/57 42.42 -9.13 11/10/87 239.00 2.81
10/01/57 42.76 10.35 11/11/87 241.90 22.57
10/02/57 43.10 39.25 11/12/87 248.52 53.51
10/03/57 43.14 36.88 11/13/87 245.64 45.78
10/04/57 42.79 24.39 11/16/87 246.76 51.07
10/07/57 42.22 -5.31 11/17/87 243.04 24.96
10/08/57 41.95 -29.85 11/18/87 245.55 43.38
10/09/57 41.99 -7.51 11/19/87 240.05 15.29
10/10/57 40.96 -41.88 11/20/87 242.00 15.43
10/11/57 40.94 -45.10 11/23/87 242.99 25.65
10/14/57 41.24 -23.43 11/24/87 246.39 47.12
10/15/57 41.67 10.66 11/25/87 244.10 43.65
10/16/57 41.33 -3.29 11/27/87 240.34 27.59
10/17/57 40.65 -36.66 11/30/87 230.30 -9.90
10/18/57 40.33 -49.62 12/01/87 232.00 -1.72
10/21/57 39.15 -80.62 12/02/87 233.45 3.71
10/22/57 38.98 -80.97 12/03/87 225.21 -25.43
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