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

To: MonsieurGonzo who wrote (32100)	11/2/1999 11:29:00 AM
From: Benkea	Respond to of 99985

Good vol today in most of what I watch!

To: MonsieurGonzo who wrote (32100)	11/2/1999 1:53:00 PM
From: donald sew	Respond to of 99985

Steve, >>> What if, instead of calculating the A/D, NewHighs/Lows, etc. for the entire market, what if we calculate these measures for only the (sum of) BigCap bellwethers of each SECTOR -? <<< That is actually a very valid point. I think the way to do it is to take the A/D of all the combined components of each sector/index. I would also add the NEW HIGHs/LOWs of the combined components of the each sector/index. Then apply the various MOVING AVERAGEs/MACD to that data. Then compare the data to find which are the strong and weak sectors, keeping in mind that as long as we are in a trading range, then it is still feasible to play both sides. As for only using the bellweathers, I would have to put some thought into that. We would have to first assume that just the bellweathers as a group would have a statistically viable pattern. Thats actually a good idea. Changing the topic. The NAZ did set a higher intraday high, but the NDX tested yesterdays highs but did not exceed it significantly. If the NDX does not go up any higher then it would be a short-term TWEEZER TOP. If that is the case I will close my longs which was part of the box I previously initiated. seeya