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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%4:00 PM EST

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To: Benkea who wrote (27323)9/26/1999 12:04:00 PM
From: donald sew  Read Replies (4) of 99985
 
Benkea,

Frankly speaking, I personally feel that of the most important market internal is the NEW HIGHs/LOWs not the A/D, thats just me and I am fully aware that many will argue that point with me.

Therefore I agree with you that guidance from the A/D diminishes.

Personally I have had much better success with using the NEW HIGHs in determining significant reversals. If you recall last DEC, when so many were bullish the NEW HIGH/LOWs signaled a minimum 5% pullback based on statistical analysis. And it again signaled a strong urgency for caution a few weeks ago.

Seeya

seeya
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