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

To: bobby beara who wrote (24465)	9/1/1999 10:52:00 PM
From: Vitas	Respond to of 99985

bb, the 10 day open trin nudged up today: decisionpoint.com and that coupled with the 17 day a-d ratio oscillator being in an uptrend at .4813 would seem to indicate that it wants to get up to .50. If that happens and the summation ratio gets above -661.30, its peak on 8/26, we may have an intermediate bottom. Otherwise we are setting up for the fall. One day at a time. Vitas

To: bobby beara who wrote (24465)	9/2/1999 12:51:00 AM
From: Berney	Read Replies (1) \| Respond to of 99985

Hey there Propeller Beanie Stooge, The Market is in never,never land, or Oz. It really is interesting the difference between TA and FA. No one could possibly argue that this is going to be one of the best FA quarters, year over year, in this Market. Yet, the other side of FA says watch out. Funny to watch! In the other sandbox I play in, MG made the comment that this may be a Marx brothers rally than the three stooges. It really does fit. Don has been saying for months to watch the cyclical flow between sectors. GZ, who probably made more money than most of us combined, flattens his position at one of the most opportune moments (and desires to cruise in the Owner's Cabin for the rest of the year). The recent thread guru, Mat, gives us statistics out the ying yang to accurately support his position (correctly I will add). Yet we sit in Never, Never land. I believe in Pivot Points; that is, at any given entry point, there is a point above and below me that I need to change my perspective. Currently, my Pivot Points on OEX are "firmly" grounded at 681 to the downside and 710 to the upside In between, who knows? That said, I believe (and only foolish ignore this rule) that one should only trade in the direction of the daily OEX. As of a week ago, 31 of the 65 Big Boyz, which comprise some 45% of all the equity in this country, were negative since 4/30. The daily OEX is decidely negative, which, if I were a Prudent Investor, would state very clearly, (1) only go long when the 60-min was in an uptrend, (2) ignore this rule at your own peril, and/or (3) expect to have your a@s handed to you. Such is life in stooge land. Berney