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

To: HairBall who wrote (24667)	9/2/1999 11:12:00 PM
From: Vitas	Read Replies (1) \| Respond to of 99985

Larry: the same thing that the crossing of zero represents on the McClellan oscillator or summation, or any other oscillator that that moves above and below zero. Since new money is always being invested and reinvested in the market, the 1% ema of advancing and declining volume rarely goes below zero. In 1990, on the second puncture of zero the market sold off an additional 7.3 percent wthin the next month; in 1998 the market sold off an additional 11.7 percent in the next 3 days. Vitas

To: HairBall who wrote (24667)	9/3/1999 3:37:00 AM
From: J.T.	Read Replies (1) \| Respond to of 99985

LG, I am late getting these support levels out to you that need to hold in order to avoid capitulation and crash from MITA: <Toni, It's employment number day. Last three years this day has been down. But it has been followed by strong Tuesdays first day back after labor day. These are major trigger supports that need to hold on a close in the next three to five trading days in order to avoid a crash or set up for the crash later this month. Failure to hold these levels will bring capitulation and opportunity; DOW 10,550 UTIL 307 TRAN 3,012 BKX 765 SPX 1,294 RUT 412 NDX 2,328 SOX 509 IIX 273 If we rally out of the gate, these numbers may not come into play until one to two weeks out.> Best Regards, J.T.