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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: Les H who wrote (26418)	9/20/1999 7:37:00 PM
From: dennis michael patterson	Read Replies (2) of 99985

Les, as you know, I always read the Oracle. The analytics are wonderful. Was it you, or another, who turned us all on to this: www2.barchart.com Another amazing place where the MO can be followed. The percentage of stocks above their 50 and 200 DMA just keeps going down. I wish I could get historical data from last July. Say, the 2 weeks before we topped. If we could get it, I wonder how useful it would be. In any event, Ord, Don Hay's index, and the Barchart people are all starting to point in the same direction. I continue to watch resistance, leadership, and volume. oj (or was it bb?) is right about Soft as an indicator. But Soft always leads the Naz higher. Not so this time. Just another divergence.

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