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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.47+0.6%Nov 28 4:00 PM EST

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To: HairBall who wrote (24667)9/2/1999 11:12:00 PM
From: Vitas  Read Replies (1) of 99985
 
Larry: the same thing that the crossing of zero represents on the McClellan oscillator or summation, or any other oscillator that
that moves above and below zero.

Since new money is always being invested and reinvested in the market, the 1% ema of advancing and declining volume rarely goes below zero.

In 1990, on the second puncture of zero the market sold off an
additional 7.3 percent wthin the next month; in 1998 the
market sold off an additional 11.7 percent in the next 3 days.

Vitas
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