MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: bobby beara who wrote (39982)	2/12/2000 3:45:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 99985

BB. the way to interpret the A/D line is different this time (now I ma serious) Due to the fact that today most fund manager band as a group and run certain groups of stocks an are not investing based on fundamental but more and more on momentum and story features, and then switch to another group makes teh A/D line look so bad. Even if not counting for that the majority of stocks on the NYSE are teh so called "old era" stocks and J6P only buys mutual funds or momentum stocks. In my opinion it will be difficult to grasp the market health based on the A/D line and it has more to do with the monetary agregates, such as M1 and M2 ... in other words liquidity. BWDIK Haim

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