MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Vitas who wrote (29732)	10/18/1999 12:45:00 AM
From: David	Read Replies (2) of 99985

Vitas, I am a fan of a/d, kind of like you. From my observations, Market bottoms out when the following things happen: - Very high volume - Very high intraday volatility - Crack in strong stocks - Double bottoms (daily or intraday) - Extremely low tick reading (usually less then -800 on 60m chart) - Extremely negative sentiment (panic) - Very low Mcmillan a/d number (usually between -600 and -1000, the reading was -570 as of 10/15/1999) - Very low a/d number (usually less than -2000, the reading was -1691 on 10/15/1999) - High trin (5MA daily chart > 1.2, indicating extremely oversold, the reading was 1.042 on 10/15/1999) - NDX sells off I don't see any of the above as of last Friday, so my best prediction is that there will be at least one big down day early next week, probably monday. Best Regards, David

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next