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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: dclapp who wrote (22481)	8/22/1999 6:44:00 PM
From: James F. Hopkins	Read Replies (1) of 99985

Doug; You got it, price, volume just use the most active per dollars traded on a regular basis, make an index of them instead of weighting by market cap weight by the ones taht trade the most dollars ( volume X price ) , or don't weight at all but just track the stocks which are most Dollar active say on a 3 month average, toss out the IPOs and maverick one or two day event types. A composite of volume X price of the most regularly active stocks gives all the indicators in one lump, and filters out the noise. ------------ It's so simple people don't want to believe it but it's the best there is, & nothing beats it. I call it the DVI ( dollar volume index ) and you can make your own on any index or sector. Jim

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