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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: Les H who wrote (9331)3/28/1999 11:33:00 AM
From: Vitas  Read Replies (1) of 99985
 
Les, the Barnes Market Risk index:

decisionpoint.com

"This indicator is a mathematical model of stock market risk based on short and long interest rates, and 1-year trailing corporate earnings and dividends for the S&P 500. The raw indicator is "normalized" on a scale of 0 to 100 (0 = lowest risk; 100 = highest risk) based on an arbitrarily assigned normal range of 1.0 to 3.5 chosen by Decision Point."

Check out the Barnes Website from that link for charts, data, formulas, and other goodies.

together.net

This index is similar to the SCY ratio that Kahuna Bill has been referring to lately:

it has reached the stratosphere

In this market, that fact in and of itself may or may not be of significance.

Vitas
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