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Strategies & Market Trends : MDA - Market Direction Analysis

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To: James F. Hopkins who wrote (2886)	12/26/1998 5:37:00 PM
From: Zeev Hed	Read Replies (1) of 99985

James, another little trick I use to find good momentum players (but not necessarily big caps) for the next rally during a correction, is to look at the new high list when it declines below about 25. I take out all the "special cases" like acquisitions etc. and up with a list I can use once I determine the correction has run its course. I would typically end up with some 50 names (I throw some of the minicaps out), but that tricks yielded for me some superb performers like CCRD, RMBS, QLGC, CSCO and DELL (of course) and a little one less known like XIRC. While I am out of most of them right now, I expect some of these to make the repeat list on the next retrenchment (if any materializes soon). An interesting side bar is that such lists also points you to groups that might better perform then others when you find more then one of the group on the list. Zeev

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