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Strategies & Market Trends : MDA - Market Direction Analysis

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To: bearshark who wrote (16052)	6/5/1999 12:44:00 AM
From: Chip McVickar	Read Replies (2) of 99985

Bearshark, It was after one of our your posts that I began looking at volume. I now track it on an interday basis looking for confirmations of movements in and out of the advancing and declining shares. Many times a market is going in the opposite direction of volume and then the market will abruptly flip towards the volume direction. I'm not very good at it yet, but better then I was. I've been reading Richard Arms on Equivolume charting, Volume Weigthed Moving Averages and Volume Cyclicacity. Have you looked at his work? It's hard when trying to keep it simple! Thank You for your thoughts on the Nas H&S... I was not sure but thought it a little ragged. Right at the top of the May peak in the SPX we had a weekly reversal...which I was pleased to catch. Also the back to back inside days on the SPX May 28/June 1...just before this last rally. Have A Good Weekend My Best Chip

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