MDA - Market Direction Analysis Message Board

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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: Les H who wrote (62419)	11/14/2000 1:41:14 AM
From: Smooth Drive	Read Replies (2) of 99985

Doing a little testing here folks<g>. LG gave me some ideas on how to post a chart at homestead -- so this is my first test. If it comes out -- it's the daily naz with swinglines and swingline channels. The trend is positive when a previous peak is surpassed and changes to negative when a previous valley is surpassed. You should be able to see this when the swingline changes color. Blue is positive and black is negative. I use weekly charts for true trend and on that chart the Naz has been in a negative trend for some time. The daily did a head fake on 10/19/00 but then gave a lower peak, which usually depicts weakness. Since the weekly swinglines only got worse I didn't buy the daily positive trend anyway. Let me know if you want to see other swingline indexes. Btw, I've had a few pm's asking why I no longer post P&F charts. Well -- I don't do much P&F charting anymore. I've been experimenting now for some time with a number of different types of swingline charts and they provide me with much better end of day info, yet have many of the positive traits I liked in P&F charts. homestead.com Take care, Eric

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