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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 (31663)	10/28/1999 10:45:00 AM
From: LaVerne E. Olney	Read Replies (1) of 99985

Regarding the ubiquitous Advance-Decline line: Currently the NYSE AD-line is making 4-year lows while the NAZ AD-line continues to make historic lows. This behavior simply does not fit the markets, no matter how they are belied by the popular indexes. Suppose that a stock goes up $2 on day 1. The next 8 days, the stock falls $0.25 each day. On day 9 the price would be the same as on day 0, but the AD-line for this stock would be -7. This is described in more detail here: decisionpoint.com How does this play out in the current market? I did a scan which pulled out all stocks that closed at the same price 90 trading days ago and traded at least an average of 100,000 shares/day. This group of 46 stocks (AHCI AKSY ALFA ATHY BBUC BWEB CASA CBSA CLTX CMCSK DINEW DVIWC DWTI EVMD FTFC GNSM GSOF HFWA IMAT IMPX LASE MALL MAZL MDBK MMTM MTRX NICE NWREW OREX PETD PJAM PLLL QDIN RAWL SAMC SB PG SGRP SOMN SPOR TBCC TREV UROQ USEG VRES WRLD) was then analyzed and found to have an advance-declline value of -156. Does this group of 46 stocks, which did not change in value for 90 days, unknowingly mirror the rest of the market with it's declining AD-line?

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