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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST
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To: RJL who wrote (1682)12/14/1998 12:21:00 PM
From: HairBall  Read Replies (2) of 99985
 
Richard: You may well be right. However, remember the NYSE cumulative tick is only a interval representation of the direction of the majority of stocks on the exchange and does not reveal the magnitude of those moves.

So, with that in mind, on occasion it can be misleading...and that is why the Indice can rise on a down cumulative tick, etc.

Thanks for you input.

Regards,
LG
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