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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST
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To: pater tenebrarum who wrote (32232)11/4/1999 12:59:00 PM
From: donald sew  Read Replies (2) of 99985
 
Heinz,

Although the NEW HIGHs are out numbering the NEW LOWs slightly, both of them are in limbo land. Its a common rule that it becomes a bit more bullish, not full fledge bullish, if the NEW LOWs drop below 40. Right now its at 61.

After watching the NEW LOWS/HIGHS for about 3 years, I feel that:
1) FULL FLEDGE BULL TREND = NEW LOWS below 40 and NEW HIGHS above 200
2) BECOMING BULLISH = NEW LOWS below 40 and NEW HIGHS above 100
3) BECOMING BEARISH = NEW HIGHS below 40 and NEW LOWs above 200

Right now with the NEW HIGHS at 80 and NEW LOWs at 60, I feel that there is no real direction, which supports my belief of a trading range.

Since the NEW LOWS/HIGHs are lagging at times, Im talking about maintain the above levels not 1 day occurances.

seeya
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