Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Vitas who wrote (24224)	8/31/1999 9:18:00 AM
From: Les H	Read Replies (3) \| Respond to of 99985

I keep McClellan summation indexes for the S&P 100, the Nasdaq 100, the Nasdaq 15 Most Active, the NYSE 15 Most Active, and the Gorilla Stocks (17 stocks, 58% of total market cap). All of the summation indexes were flat at the bottom during the August rally and have started to turn down lower. The Gorilla's summation index went somewhat higher but not much. The June-July rally was the only rally since January to be confirmed by the McClellan summation index. Hence, the whole January-August period might be viewed as distribution.