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

To: bobby beara who wrote (33128)	11/10/1999 11:23:00 PM
From: Vitas	Respond to of 99985

bobby, the 25 day cycle associated with the 25 day ma of a-d was due Monday, the 8th. Spx and Nya so far topped on Monday on a closing basis. The 25 day ma of a-d is rolling over under the zero i.e. is failing under zero. NYA is meeting strong resistance at the July 98 through January 99 tops trendline, currently at 630.50 Now all we need is a little push in the right direction. Vitas

To: bobby beara who wrote (33128)	11/11/1999 7:45:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Bobby, >>>> while we are making new highs in the naz, the upward momentum is starting to stall out, I think we may get the real drop when the mc oscillator crosses below zero, which will take a few days, until then we may get more divergence. <<<< I am also starting to see a little stalling action in the NAZ, but we all realise how hard it is to pick the exact top on technical breakouts. What I noticed was that although the NAZ did set an intraday HIGHER HIGH yesterday it was only very slight. So it could be argued that a TWEEZER TOP formed yesterday, and if the NAZ does not exceed 3186 today, that could be another hint. It was either last THUR or FRIDAY when I mentioned that I thought we may be nearing the top of the runup in the NAZ but would not play it to the downside since it was too dangerous in calling tops of parabolic moves. The high on FRIDAY was 3118. So far the highest the NAZ got was 3186. I am mentioning that since the rate of incline is actually slowing down as compared to the move from 2750 to 3100 in 8 days. This is just a hint, and not conclusive. On Friday we have the labor report which which could effect the NAZ in either direction. For those who commonly misread my signals, I am only talking about short-term top. Its obvious that the FOMC meeting next TUE will have a significant effect on the size of the forthcoming pullback in the NAZ. On a more subjective view, the futures in the NAZ is not up as much as it has been in recent days, with the exception of Monday. Not to say that the Futures really mean that much, but just noticing the rate of change. Many mean nothing or something. Well, I turned bullish on OILs/OSX/XOI. I was watching the OSX so closely for that perfect entry point and whammy I missed a good entry. I realise that alot of attention is on the HiTECHs, but the hottest sector is the OSX so far. It has moved 15.7% in the past 3 days. Is this the beginning of another parabolic move. seeya