MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: HairBall who wrote (10771)	4/13/1999 11:55:00 AM
From: GROUND ZERO™	Read Replies (1) of 99985

Sure, it's not private and there are those who don't think it's reliable, but like anything else, much like reading an x-ray picture, if one doesn't know how to read it then it makes no sense..... and it's only one of several indicators..... for position trading, I think it's a must..... Here's how: I keep a sum of the most recent 25 days of advances and a sum of the most recent 25 days of declines for the NYSE only, over time you can see the tide of buying and selling going in and out of the market..... the sum has been negative for months but slowly improving... right now the cumulative sum is approaching zero and about to cross into the plus side..... this portends that a new up leg in the market is forthcoming..... + or - 10,000 is an overdone market although I've seen + or - 20,000 at extremes. Last October, I think we had a -10,000 or so. This simple indicator has been around for many years but it has probably been pushed to the side by technicians who are using more glitzy but not more reliable computer generated indicators, but heck, it works for me.....<g> My Best. GZ

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