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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: bobby beara who wrote (67400)	1/22/2001 5:49:17 PM
From: TRINDY	Read Replies (1) of 99985

Bobby and all--I have noticed that the McClellen Oscillator, Summation Index for the NYSE has been on a real positive tear since early November. Gone from -1000 to +3000. Don't know whether this is an all time high, but it has been quite an extended uptrend. Is there anything special to be made of this? Market movements for the NYSE have not been very dramatic. Problems with the NAZ provide some explanation. Certainly is a puzzle to me and would appreciate any help. TIA.

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