MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.39

+0.5%

Nov 28 4:00 PM EST

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To: dennis michael patterson who wrote (41443)	2/26/2000 11:47:00 AM
From: Terry Whitman	Read Replies (2) of 99985

Playing with some charts this morning- I stumbled upon what may be a great bottoming indicator. It seems that IBM volume Spikes well above average at market bottoms- and also sometimes at tops. You can distinguish the bottoms from the tops by the price in relation to it's 50 day ma. Above = top. Below = bottom siliconinvestor.com The bottoms are consistently extraordinarily high in volume (This really sticks out on the volume chart). The tops correspond to a higher volume too, but less magnitude. No bottom in sight yet for Big Blue. TW

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