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

To: Vitas who wrote (24662)9/2/1999 10:25:00 PM
From: HairBall  Read Replies (2) | Respond to of 99985
 
Vitas: What is that telling you?

Regards,
LG



To: Vitas who wrote (24662)9/8/1999 12:07:00 AM
From: Vitas  Respond to of 99985
 
one percent ema of advancing and declining volume is
at -.38, after .16 Friday and -6.61 Thursday, a potential failure
at zero.

The 17 day a-d ratio reached .4920 Friday and is .4892 on
today's close. Just prior to the "crash" leg of the March 1994
slammation it reached a peak of .4956.

The 10 day open trin on an inverted basis failed its recovery on Friday's close and is headed back down.

Any further weakness Wednesday could finally get the ball rolling on the downside.

Vitas


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