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

To: bobby beara who wrote (20817)	7/22/1999 4:52:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

bobby bears: I wonder if there is a place on the web where you can get data or a chart on NYSE/nasdaq volume, i'm particularly interested in 50 and 200 day moving averages. Well, you can't get the data, but I post both charts each day on my chart page on the MDA Web Site and have been using the 50 and 200 day SMA for over 15 years. Regards, LG

To: bobby beara who wrote (20817)	7/22/1999 5:04:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Bobby, there is something particularly exciting about a market that goes down for 'no good reason' and CNBC's Nasdaq correspondent mentioning that the decline elicited merely 'mild concern'. i will be on the look-out for options players buying OEX calls on rebound speculation. if that happens, we're in trouble. the Yen has put away $30 bn. worth of BOJ intervention with scarcely a pause. that's the reason for the sell-off in the bond. if the yen continues up, the bond market will tank mightily; we would then have to consider a possible replay of the '87 scenario. of course i don't really believe that yet. but i advise everybody to keep a close eye on the Dollar index - it's the key to future stock market direction. it wasn't AG that spooked the market, it was the Yen. regards, hb

To: bobby beara who wrote (20817)	7/22/1999 5:04:00 PM
From: briskit	Read Replies (1) \| Respond to of 99985

bb, Con permisso and disclaimers, I pulled up a QChart on the NYA.X. The volume indicator there shows you have to go back to June 30 as the last day with this much volume. Then you go to June 1 which exceeded today some. Going back into December, '98 I see only 12 days with as much or more volume. Now, FWIW, it might tell us something. If so, be sure to catch me up, too. Also, according to IBD, yesterday's up volume exceeded down volume by 18%. I am not betting that was the case today, however. regards MD PS, HB, are you sure it wasn't the ying? <gg>