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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.08-0.8%Nov 18 4:00 PM EST

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To: Zeev Hed who wrote (1609)12/13/1998 10:17:00 PM
From: James Strauss  Read Replies (2) of 99985
 
McClellan Summation Index Says "DOWN"...
decisionpoint.com

Good analysis Zeev...

The McClellan Summation Index is doing what it did in July when the market tanked... Since this is an average, it takes time for it to react to the market... But when it does react, the direction usually tracks the market...

Also, those New Lows are threatening to go over 100 again...
decisionpoint.com

Not a healthy sign for market internals...

Jim
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