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

To: dclapp who wrote (22481)	8/9/1999 6:12:00 AM
From: HairBall	Respond to of 99985

dclapp: Well for me it would be my oscillators. But for something I can share and others can use, it would be formations and trend lines. I must say, I don't believe any one indicator works on its own. I use a "read" on a combination of indicators although different for day/swing trading and investment positions. Regards, LG

To: dclapp who wrote (22481)	8/9/1999 9:55:00 AM
From: bobby beara	Respond to of 99985

dclapp, favorite indicator, mccllelan oscillator/summation index as a general market guide to where we are in the cycle. bb

To: dclapp who wrote (22481)	8/9/1999 12:13:00 PM
From: TWICK	Read Replies (2) \| Respond to of 99985

To add to your question, I'm also interested in stocks that are used as a barometer. TheStreet.com's Kramer talks about the Gap: thestreet.com "Everyone has certain stocks that can cause discomfort when they go down. For me, it has always been Gap (GPS:NYSE). I love it when Gap goes up because it is a great barometer of the consumer. I have also found, however, that when Gap gets rocked, the market can't be far behind. In the three big downturns of the past 15 years -- 1987, 1990 and 1994 -- Gap was uncanny in its predictive value, going down well in advance of the selloffs. It has been a perfect lead indicator. If you sold the market when it broke, you avoided some hefty losses." Twick

To: dclapp who wrote (22481)	8/9/1999 2:37:00 PM
From: Casaubon	Respond to of 99985

high volume "reversal" candlesticks at the end of a recognizable formation.

To: dclapp who wrote (22481)	8/12/1999 10:02:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 99985

Rising wedge in a downtrend or declining wedge in an uptrend, when broken in the direction of the trend.

To: dclapp who wrote (22481)	8/22/1999 6:44:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

Doug; You got it, price, volume just use the most active per dollars traded on a regular basis, make an index of them instead of weighting by market cap weight by the ones taht trade the most dollars ( volume X price ) , or don't weight at all but just track the stocks which are most Dollar active say on a 3 month average, toss out the IPOs and maverick one or two day event types. A composite of volume X price of the most regularly active stocks gives all the indicators in one lump, and filters out the noise. ------------ It's so simple people don't want to believe it but it's the best there is, & nothing beats it. I call it the DVI ( dollar volume index ) and you can make your own on any index or sector. Jim