MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

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To: SpecialK who wrote (62962)	11/22/2000 12:00:46 AM
From: Les H	Read Replies (2) of 99985

For very short-term in the market average, around 20-25 percent or under for the 21-day moving average percentage is often trough as is the opposite case for 75-80 percent or over. The intermediate-term is represented by the 50-day moving average. The buy signals are moving into the heavy majority, i.e., around 80 percent or more, for both the Nasdaq 100 and the general market. The S&P 100 is slowly getting there. At October 12th market trough, the buy signals were 90 percent or more. The S&P 100 was the exception then also. It's quite often there'll be a very short-term reversal in the market when it gets to around 70 percent before continuing down into the over 80 percent zone for the eventual peak or trough. You'll often find the 10-day lead the other columns up or down first, and this should also reflect in the change in the number of 10-day highs and lows.

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