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


To: HairBall who wrote (31691)10/28/1999 12:19:00 PM
From: LaVerne E. Olney  Read Replies (2) | Respond to of 99985
 
I'm beginning to agree with a few of the pundits who dismiss the significance of the AD line. Somehow it may be a function of the trading patterns/market maker activity: large gap-up in prices with subsequent rachetting down. I think AD statistics are still meaningful, but work better with indicators like McClellan summations in which older data is ultimately discarded.