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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST

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To: Debra Orlow who wrote (2698)12/22/1998 9:57:00 PM
From: Slava Chechik  Read Replies (2) of 99985
 
Debra, market action reminds me July 98. Also look at
NYSE Data
Indices 09:45 10:00 11:00 12:00 13:00 14:00 15:00 Close
Volume 40.69 79.04 209.29 306.00 377.15 449.25 544.61 682.91
Up Volume 19.10 29.03 80.10 132.00 163.19 202.91 235.18 301.88
Down Volume 17.28 43.90 113.35 157.00 197.67 225.59 280.94 338.86
Advancers 911 900 964 1070 1101 1173 1186 1241
Decliners 1131 1368 1643 1702 1733 1730 1774 1744
Tick -228 -440 -175 -174 -330 -117 -380 -178
Trin 0.73 0.99 0.83 0.75 0.77 0.75 0.80 0.80

Tick was negative, down volume outnumbered up volume, A/D negative.

Trin was neutral to bullish. Looks like sellers outnumbered buyers.
Market still may go up based on expectations of new 98-99
IRA money coming in. I'm waiting for more conformation on
sell signals such as change of MACD and stochastic on weekly
charts.
Regards, Slava Chechik
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