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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (17472)	6/15/1999 9:47:00 PM
From: James F. Hopkins	Respond to of 99985

Haim; I'v come to see the entire mess as a scam, maybe I'm just to old, but now looking back I don't even see any sense in say one administration did this or that, more often than not they were all into as much sit as they knew how to get into some were smarter about not getting caught. ---------------- Any way what I'm looking at are the internals of the S&P and the way it's made up. I call it a liquid level, and the angle I look at it came right out of value line, except they didn't really see or extrapolate the data, and it occurred to me that if their data was right then a Head/tail indicator could be made from it to apply to the market. ------------------ As for the CPI being more hot air than fact I have no doubt, in fact THE MAJOR MARKET INDEXES are not what they look like, Not only was the S&P enhanced 48times in the last year, we tend to look at it from the narrow spectrum of the Dollar and don't apply a dollar correction. -------------------- Ie last year it showed a 19% drop, ( BUT with a dollar correction one would have seen a 27% drop. ) I could go on and on about why typical TA just won't work on an index other than real short term.* E-wavers are just counting and seeing faces in clouds. at one time EW could have been valid but today the composition of the index changes far faster than it use to , & big money swaps happen in seconds and the REAL traders are doing arbitration on the dollar as well as index itself, as they are watching it with a "global" value and it dances to a different drummer for them doing dollar swaps, and they are the primary short term players . The highs and lows we see are not what the BIG boys see. An EWver would have to apply this decisionpoint.com to the index & adjust the High Lows if he wanted to see where the REAL index was, other wise he is just pissing in the wind. Jim