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

To: HairBall who wrote (19018)	7/1/1999 12:28:00 AM
From: Berney	Read Replies (2) \| Respond to of 99985

LG, What I'd like to see some comment on by the thread ... What was going on after the market closed. Millions of shares were being bought with on close orders on numerous stocks in the Big Boyz. Why would the folks wait til the close when they could bought them significantly cheaper an hour earlier? Further, it would seem to indicate that 1) the brokers have been collecting inventory (I don't think so), 2) they were able to find enough sellers for these millions of shares (I don't think so), 3) they went short assuming they would be able to buy them back cheaper (hmmm), or ... Any ideas? I just have not seen that kind of action after the market closes and hope some of you have experienced it. Thanks in advance. Berney

To: HairBall who wrote (19018)	7/1/1999 1:44:00 AM
From: Smooth Drive	Read Replies (1) \| Respond to of 99985

Hello LG, >>James Strauss: What is your take on the new highs / new lows after today's action?<< I know you asked James about the new highs/new lows, but I thought you might appreciate what I've been doing with the high/low indicator. Vitas recently posted a very good article on the high low index at Message 10028560. I create the high/low index the same way the author did: new highs/new highs + new lows. You can see that the article references Abe Cohen, who's the father of modern day end of day point and figure charting. Anyway, I've gone back to 1980 with the high/low index data and placed the results on a bullish percent chart, with each box representing 2% and three boxes required for a reversal. I'm experimenting with different buy and sell requirements. Here, for example, is how it looks from the reversal up on 9/23/98 using a buy at 1) Bear Alerts (reversing up anywhere under 30); 2) crossing 50; and 3) double tops. Sell at 1) Bear Alerts (reversing down below 70); 2) crossing 50; and 3) double bottoms. 80 78 X 76 X X O 74 X O 5 O 72 X O X O 70 X X O X O 68 X O X O X O 66 X O X O X O 64 X C 1 O X O 62 X O X O X O 60 X O X O X O 58 X O X O X O 56 X O X O X O 54 B O X O X O 52 X O X O X O 50 X O X O X O X 48 X O X O X O 6 46 X O O X X O X 44 X 2 X O X O X 42 X O X O X O 40 X O X O X 38 X O X O X 36 X O X O X 34 X O X O X 32 X O X O 4 30 X O X O X 28 X O X O X 26 X O 3 O 24 X X O X 22 X O X O X 20 X O A O 18 X O X 16 X O X 14 X O 12 X 10 X 8 X 6 X This buy/sell system resulted in the following (shorting not considered): BUY DOW SELL DATE DOW % TOTAL TOTAL B 9/23/98 8154.41 S 12/10/98 8841.58 0.0843 B 12/29/98 9320.98 S 1/14/99 9120.93 -0.0215 0.0628 B 3/4/99 9467.4 S 5/17/99 10853.47 0.1464 0.2092 0.3309 B 6/30/99 10970.8 Lots of notes right now. Sometimes lags, sometimes leads. I'll let you know what proves to be the best results, and any thing worth noting. Currently, we were in a down column of O's and in the 40's for some time. It reversed up yesterday and today hit 50 for a buy signal. Given its current location and the time it waited (accumulated) in the 40's, historically this often times leads to a good run up. Not like in the teens or 20's, but a mid-term run up. Take care, Eric

To: HairBall who wrote (19018)	7/1/1999 10:39:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

To All: Don't just hold in high esteem those that make the Market call you want to hear! Pay attention to see IF what they say will happen and when what they say will happen, does indeed happen and on que... If one calls for a rally long enough or calls for a correction long enough....eventually anyone doing that will be right. That is NOT making Market calls! Just food for thought. Good trading all... Regards, LG PS: And always remember...Do not base any investment decision solely on anyone person's views or analysis. Do your own research and take responsibility for your investment decisions.