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

To: Matthew L. Jones who wrote (24197)8/30/1999 9:33:00 PM
From: stockycd  Read Replies (1) | Respond to of 99985
 
Thread,

Has anyone got a take on the very light volume we've seen with this selloff? I'll take 'em any way I can get 'em and I can't help but think the big boys have yet to start pulling the trigger.

I covered my QQQ short today at the close and will hopefully go long QQQ tomorrow morning around 116 1/2 for a daytrade. The odds of us having a 4th down day are slim. We'll see.

BTW. I've got the DOW sitting right on a middle tine of a down fork.So a reverse up tomorrow will be in order. The other indices have a little further to go. The H&S formations in the SPX, NDX/QQQ look almost classic. But we need a bounce.

Regards,
Chris



To: Matthew L. Jones who wrote (24197)8/30/1999 9:46:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
Matthew: If you are going to do a statistical analysis of the Dow Industrials going back to the 1890s make sure you do not try to marry "actual" data with "theoretical" data.

You do not have to go back very far to get below the "actual" data years. Until computers there was no way to do "real time" computations.

Regards,
LG


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