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

To: donald sew who wrote (24928)	9/5/1999 1:57:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 99985

The Market... *************** Don: We have mixed signals in the market... There is a relative improvement in the number of stocks hitting New Lows... decisionpoint.com The McClellan Summation Index is at a "Critical" juncture... It either makes a mini Double Bottom and moves up or breaks down and takes the market with it... decisionpoint.com There is a slight improvement in the Advance/Decline line... decisionpoint.com The Put/Call Ratio is flat... We need to see more Puts to support a Contrarian move up in the Market... decisionpoint.com Trin is neutral to slightly positive... decisionpoint.com So... We don't have a clear cut buy or sell signal... We are more in an "indicator of the day" reactive mode... Strong bull markets are not reactive, they're proactive... They climb those walls of worry... Tentative markets tend to whipsaw investors... Right now we are in a tentative market... Jim

To: donald sew who wrote (24928)	9/5/1999 2:03:00 PM
From: Matthew L. Jones	Read Replies (1) \| Respond to of 99985

Actually I had gone the link of the chart with the pinched Bollinger bands and thought the guy was reaching (based only upon the pinch theory you mentioned). I've read a number of your posts before and am aware that you use many different T/A indicators, techniques, etc. It was not my intention to in any way challenge your expertise, but to comment on what appeared to be an overly simplistic approach based on using Bolliger bands for something their own designer had not intended. Sorry if I sounded like I was being condescending in any way. I can assure you that I have much to learn. I am always very interested in comments about Bollinger bands because they are to me probably the single most useful tool in my own T/A. Matt