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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.21

-1.1%

Nov 6 4:00 PM EST

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To: bobby beara who wrote (46463)	4/15/2000 11:14:00 AM
From: John Madarasz	Read Replies (1) of 99985

Bearic Von Bobanov... OEX CVI last five days... +5 +27 +24 -8 -55 DJIA CVI last five days... +7 +33 +20 -13 -57 FWIW oct '98 and '99 lows registered apx -57 on both OEX and DJIA charts ... both following CVI dips to -80 and -100 in mid sept. respectively. You Remain, Von Bobanov<g> *The CVI is an expression of on-balance volume (OBV) breaking out (up or down) within an OBV volume cycle. The calculation, which is proprietary, is performed on each stock in the S&P 100 Index and the results added together for a net value for the index. The CVI maximum range is +100 to -100 , but the normal range will be approximately +50 (overbought) to -50 (oversold), which actually represents the net percentage of stocks within the market index with volume climaxes. The CVI is a short-term indicator that identifies climactic tops and bottoms in the volume cycle. It is useful in finding ST tops and bottoms in price.

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