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

To: Gersh Avery who wrote (21250)	7/28/1999 2:54:00 AM
From: James F. Hopkins	Respond to of 99985

Gersh; I could but my method is to slow , Monty could do it in a heart beat . I just got them plugged into a paper portfolio, that sums them up for me, weighted them by vol x $ instead of market cap. It looked ok for the day but not as strong as the indexes or news pundits would have us think. In a way I sort of think in pictures , I'm just not good at painting what I see. I guess years at sea caused me to think in terms of relative motion, ( relative motion is not hard to understand but I have a devil of a time explaining it ) --------------- If I put a new man on watching the Radar I always check to see if he can plot the closet point of approach on a moving target , people that never had any relative motion training think what you see is what you get on a radar, but it's not if both you and the target are moving however it becomes second nature after you catch onto it. That's one reason I keep saying the NDX fell 9.5% from July 16 thru July 26 relative to the dollar, BUT it really fell 12.8% if adjusted to the dollar.. Now it looks like it got 3.37% of that back today, but at the same time the dollar fell some more against the Pound, Yen and Euro..(they are about all I watch.) You can bet the Parlay players who trade the Forex against stocks and bonds know about that 12.8% drop. Some one ought to wise CNBC up. Jim