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

To: HairBall who wrote (33272)	11/12/1999 8:59:00 AM
From: Amelia Carhartt	Read Replies (1) \| Respond to of 99985

Excuse me for butting in here but it certainly must be a matter of perspective. I am a BEAR and I read this thread for balance.

To: HairBall who wrote (33272)	11/12/1999 9:46:00 AM
From: Walt Deemer	Read Replies (3) \| Respond to of 99985

One indicator that has a reasonably good record in identifying longer-term NASDAQ tops is a 4 week moving average of NASDAQ/NYSE volume divided by a 52 week moving average (which "normalizes" the volume ratio). It takes a reading over 1.17 to warn of trouble, and, despite this week's record NASDAQ volume, it looks like the ratio will only go up to 1.05 or so. To see a 13-year chart of this indicator, go to 4w.com

To: HairBall who wrote (33272)	11/12/1999 11:08:00 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 99985

Hi, my name is Jorj and I am a bull. The P&F major indicators reversed positive in a pretty convincing way last week. These indicators went fully negative on August 2, in what I believe was anticipation of a weak Q4 related to Y2K concerns. Most of those concerns have been priced into the market at this point (IMO) and the market is now looking at pent up demand in the tech sector from the Y2K concerns (commencing in Q1). I suspect that any P&F practioner would be bullish at this point. JXM My thoughts as to who J6P really is..... #reply-10861495

To: HairBall who wrote (33272)	11/12/1999 6:47:00 PM
From: Smooth Drive	Read Replies (1) \| Respond to of 99985

Hello LG, Well, I'm certainly not going to grow Mountain Oysters, as that would require a reduction operation, and I understand it's not very comfortable<g>. Nothing has changed my mind since Message 11759589. Take care, Eric

To: HairBall who wrote (33272)	11/12/1999 7:05:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 99985

Okay, here's another bull... I thought for sure we were going to see the end of the bull run just recently... but most all the major averages broke through resistance today except for the DOW... I think the DOW will break through resistance also soon enough..... We can expect to see new all time highs in these indices and I also believe we are witnessing the beginning of a major upward move that could easily last for several months..... the NAZ has been in classic runaway status for weeks and the other markets are first starting to play catch up..... The advance/decline momentum has turned constructive and supports the notion of a continued rally..... Have a great weekend everyone..... My Best Regards. GZ