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

To: donald sew who wrote (27328)	9/26/1999 12:33:00 PM
From: Benkea	Read Replies (1) \| Respond to of 99985

Donald: I would agree with you on the nh/nl. However, wouldn't it be more the trend than the absolute numbers that would give the best predictive value? In other words, you astutely noticed the expansion of nl at the expense of nh as a sign el tanko was upon us. So you would then see a flatening or even a decrease in the trend of nl and/or an increase in nh as signaling a bottom?

To: donald sew who wrote (27328)	9/26/1999 2:02:00 PM
From: Fun-da-Mental#1	Respond to of 99985

Margin calls An interesting anecdotal report ... "many received margin calls friday" Message 11360194 Fun-da-Mental

To: donald sew who wrote (27328)	9/26/1999 7:17:00 PM
From: Smooth Drive	Read Replies (1) \| Respond to of 99985

Hello Donald, I've done a great deal of work and study with the New Highs/New Highs plus New Lows index. As there are a number of new high/new low indexes -- what one do you use? Take care, Eric

To: donald sew who wrote (27328)	9/26/1999 8:41:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

Unfortunately I didn't think of this question until just now but I was wondering about another subject for discussion. We just saw the TYX drop as bonds rallied we assume from the flight to quality as the stock market dropped. As I watch the GLOBEX rising about a point every 30 minutes since it opened, what will bonds do as money heads back to stocks as the dipsters transfer back???? I am just trying to figure out what the rate will do prior to the meeting assuming we do bounce this week. If money is pulled from the bond market to fuel the stock market bounce, the rates will rise again over 6%. This will set up an interesting spread as the FOMC sits down to it's meeting. The reason I ask is this seems logical to me but my charts are hinting that the TYX may continue to drop here yet there is a gap that needs to be filled above 6% despite a resistance area between here and there. In the FWIW department, William Hueb and GZ both are thinking we might be out of the woods here. Bill uses Barrons data to build differing indicators and has a pretty good track record. Ben seems to be bullish, the rest of us ,I think, seem to be in the camps of either we don't get a bounce or else we get a bounce that shouldn't be trusted. Regardless, the majority here seem to think we are headed down further later down the road. Should be an interesting week. Just trying to summarize all the discussions of this weekend to get an idea of where we all stand. My final outlook tonight is bounce, sideways but lower trading range than before waiting for the Fed. I will change my view if needed based upon how strong this bounce is (I think it will be weak) and how broad based it is. My max targets for the bounce are DOW 10500-650, SPX 1310, OEX 685-95, NASDAQ 2820. Good Luck, Lee