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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.19-0.8%4:00 PM EST

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To: Casaubon who wrote (8814)3/23/1999 3:04:00 PM
From: donald sew  Read Replies (1) of 99985
 
Casaubon,

>>>> The A/D line declination had been travelling along at some speed and has now accelarated the speed at which it is declining. We should always pay attention to change, it is saying something. <<<<<

Also watch the NEW HIGHs/NEW LOWs in the same manner. The market is down strongly today so the NEW LOWs should be larger than the NEW HIGHs. The key now is when we get a relatively flat day will the NEW LOWs still greater than the NEW HIGHs, if so that implies more negativity.

Rate of change is more valid in predicting the market than stagnant numbers.

seeya
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