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


To: donald sew who wrote (31602)10/27/1999 3:20:00 PM
From: uclatrader  Respond to of 99985
 
thanx guys
shuo



To: donald sew who wrote (31602)10/27/1999 5:55:00 PM
From: Fun-da-Mental#1  Read Replies (1) | Respond to of 99985
 
Take a look at the 10-DMA high-low differential: decisionpoint.com

Over the past few months it's been tracking the ups and downs of the market pretty closely, but now it's been ignoring the upturn over the past few days and continuing straight down. It's at -300, a level not seen since just before the big drop last year. To me this says the next downleg will be severe, especially if the Nasdaq has finally broken and made a lower high.

There are some indications that this uptrend can continue, such as positive A/D and falling bond rates today, and recovery of yesterday's losses in most of the major indexes. But on the other hand the S&P and NYSE have hit their falling resistance lines, and new highs have been decreasing over the past few days, while new lows have held pretty much steady.

So to me the basic technicals and internals say we're heading down strong, if not tomorrow, then soon.

Fun-da-Mental



To: donald sew who wrote (31602)10/28/1999 12:57:00 AM
From: uclatrader  Read Replies (1) | Respond to of 99985
 
HELP AGAIN!
what r those clues showing smart money's movement?
here r something i came up with

amteurs usually trade at open
professionals trade at close
this will explain today's strong close
smart money covered their shorts at the close
they were "informed" and there were leak data

huge volume but small price movement
smart money either r accumulating or distributing

please correct me if i made mistakes
any new ideas r appreciated
thanx in advance
shuo