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

To: Vitas who wrote (22926)	8/12/1999 11:32:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Vitas, i see you added '87 as well...apart from the McClellan oscillator there are indeed many eerie parallels between '99 and '87, such as rising bond yields(ignored by the stock market), a widening trade deficit, a falling dollar as well as a baffling synchronicity of the ratio of bullish vs. bearish advisors throughout the year. hopefully that's where the similarities will end... regards, hb

To: Vitas who wrote (22926)	8/14/1999 11:26:00 AM
From: Vitas	Respond to of 99985

Barron's weekly new lows data for the week ending 7/30/99 was corrected to 391 new lows.

To: Vitas who wrote (22926)	8/14/1999 11:38:00 AM
From: Vitas	Respond to of 99985

Lowry's New York Stock Exchange Market Trend Analysis 631 U.S. Highway One, Suite 305, North Palm Beach, Fla. 33408 AUGUST 6 ~ Our short-term trend indicators are already to deeply oversold levels, suggesting that some kind of snap-back rally could develop in the near future. But, steep market declines, such as we have witnessed since mid-July, frequently do not end without some kind of panic capitulation on the part of sellers-an intense market decline commonly occurring on expanded volume. It is even possible that we might see a ''90% Downside Day'' on which 90% or more of all price changes and 90% or more of all volume are registered on the downside. It will be recalled that four 90% Downside Days were registered during 1998-on April 27, August 4, August 27 and August 31. Each of those selling climaxes was quickly followed by a market rally lasting at least three to five days and sometimes significantly longer. It will be important to closely monitor the quality of any rally developing out of current market weakness. If the Buying Power Index remains sluggish and the Selling Pressure Index fails to recede during such a rally, then the probabilities would favor even deeper discounts for stocks in the months ahead, and the rally should be used to build additional cash reserves. -PAUL F. DESMOND from this weekend's Barron's