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

To: Vitas who wrote (34972)	12/9/1999 10:50:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Analysis of end of Day Closing prices and recommendations in Summers & Uncle Al Tulips Market - This is the most effective list, but validate signals. Results are relative to the SPX and move relative to the SPX - Haim see more data & info including stock charts from this scan at: members.bellatlantic.net - & see Today Charts Today is 12/09/99 Remember this is a computer scan only S&P Closed 1408.10 Classic Blowoff topn in NAZ S&P Change 4.200 Recomandation Price Stoch. RSI RSI RS Change ROC% BUY SIGNAL ON FDX 40.000 16.320 41 -2 4 SELL SIGNAL ON SGI 11.125 76.350 68 0 -43 BUY SIGNAL ON SLB 58.125 13.050 40 2 85 BUY SIGNAL ON TWA 3.063 15.385 35 0 5 BUY SIGNAL ON PIXR 38.563 8.553 39 3 68 SELL SIGNAL ON PMTC 27.375 73.305 61 -5 -3 SELL SIGNAL ON IRF 21.750 69.496 53 -8 -7 SELL SIGNAL ON IBM 113.688 82.355 61 -9 -91 SELL SIGNAL ON CD 18.188 84.159 61 -9 -71 CURR PREV CURR STOCH TICKER NAME CLOSE CLOSE Vol % %K %D RSI ------------------------ ------- ------- ------- ------- ------- ------- AA AA 73.375 71.750 120.683% 92.309 92.177 76.365 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE AF AF 11.563 11.750 22.446% 78.928 80.984 56.721 * STOCH SELL QQQ QQQ 158.500 157.750 159.250% 84.175 85.468 68.936 * STOCH SELL AND AND 9.250 8.938 408.130% 82.454 72.886 70.777 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE * VOLUME BREAKOUT 408.130 PERCENT OVER LAST 30 DAYS AOL AOL 86.000 81.313 95.851% 76.399 69.655 66.408 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE ARC ARC 91.688 88.688 64.225% 28.821 20.839 51.049 * STOCH BUY CSCO CSCO 98.625 99.938 110.357% 83.991 87.266 71.477 * STOCH SELL BZF BZF 17.188 16.750 264.158% 93.879 92.835 73.630 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE BZL BZL 5.250 5.063 107.442% 93.598 91.856 74.432 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE COL COL 28.625 28.031 87.065% 78.169 76.930 68.836 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE EK EK 61.000 60.563 129.156% 13.090 12.917 31.801 * RSI BUY FDX FDX 40.000 40.688 69.855% 16.320 16.293 41.717 * STOCH BUY GE GE 142.313 141.250 135.074% 85.646 77.249 65.516 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE GGC GGC 29.000 27.438 303.130% 86.278 79.713 80.185 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE * VOLUME BREAKOUT 303.130 PERCENT OVER LAST 30 DAYS HD HD 87.250 84.281 156.881% 87.807 84.420 70.660 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE HWP HWP 110.500 109.813 103.310% 91.881 91.836 77.546 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE IBP IBP 19.625 18.563 111.042% 13.674 15.132 34.383 * RSI BUY ISL ISL 17.500 17.375 46.542% 90.343 90.150 82.352 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE ITA ITA 16.188 16.188 132.922% 98.074 98.298 86.702 * STOCH SELL JNJ JNJ 93.250 91.219 161.615% 9.553 9.492 31.838 * STOCH BUY * RSI BUY KYO KYO 128.625 121.438 315.274% 45.406 45.010 63.806 * VOLUME BREAKOUT 315.274 PERCENT OVER LAST 30 DAYS MXF MXF 17.500 17.375 129.575% 79.005 78.217 74.318 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE RLM RLM 70.188 68.844 78.757% 88.903 86.361 73.901 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE SGI SGI 11.125 11.188 787.731% 76.350 80.061 68.475 * VOLUME BREAKOUT 787.731 PERCENT OVER LAST 30 DAYS * STOCH SELL SLB SLB 58.125 57.500 116.511% 13.050 11.571 40.130 * STOCH BUY SUNW SUNW 80.000 78.438 143.956% 87.010 88.490 81.622 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE * STOCH SELL TKF TKF 13.500 12.875 467.788% 84.568 86.268 85.134 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE * VOLUME BREAKOUT 467.788 PERCENT OVER LAST 30 DAYS TMX TMX 105.063 102.500 150.812% 70.828 66.048 65.652 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE TWA TWA 3.063 3.063 115.897% 15.385 12.036 35.790 * STOCH BUY UBS UBS 18.188 18.750 188.199% 90.382 89.508 69.070 * RSI SELL VOD VOD 50.750 50.563 68.390% 80.347 83.950 56.542 * STOCH SELL WMT WMT 62.000 58.656 147.621% 72.301 67.620 64.129 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE PD PD 54.438 55.750 41.450% 77.339 79.414 49.156 * STOCH SELL PEP PEP 35.938 37.000 89.824% 71.130 76.234 55.852 * STOCH SELL PIXR PIXR 38.563 37.625 39.053% 8.553 8.346 39.761 * STOCH BUY PMTC PMTC 27.375 28.688 141.699% 73.305 78.266 61.517 * STOCH SELL PRST PRST 15.375 18.875 364.690% 80.237 83.752 66.381 * VOLUME BREAKOUT 364.690 PERCENT OVER LAST 30 DAYS * STOCH SELL * RSI SELL KMET KMET 39.625 39.125 158.138% 87.612 82.407 66.645 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE MADGF MADGF 4.875 2.938 734.825% 70.077 59.569 79.055 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE * VOLUME BREAKOUT 734.825 PERCENT OVER LAST 30 DAYS ELBTF ELBTF 16.000 15.375 206.671% 81.407 82.038 69.837 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE IBM IBM 113.688 118.281 165.810% 82.355 86.250 61.827 * STOCH SELL * RSI SELL EWH EWH 14.438 14.000 89.476% 89.495 89.480 76.641 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE CD CD 18.188 19.125 185.201% 84.159 87.127 61.672 * STOCH SELL * RSI SELL GLM GLM 14.875 15.500 122.291% 22.420 20.853 42.610 * STOCH BUY AMZN AMZN 103.625 88.563 304.805% 64.487 61.434 71.327 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE * VOLUME BREAKOUT 304.805 PERCENT OVER LAST 30 DAYS TBH TBH 105.875 102.625 116.178% 91.974 91.323 78.954 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE XLK XLK 49.438 49.563 266.013% 85.513 87.351 67.157 * STOCH SELL NOK NOK 171.250 174.750 151.814% 90.206 91.628 72.699 * STOCH SELL BK BK 37.563 36.000 66.604% 7.024 6.819 42.287 * STOCH BUY MENT MENT 12.500 11.875 244.533% 90.706 87.444 78.708 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE CWZ CWZ 64.500 62.938 148.702% 92.949 91.074 71.134 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE HHH HHH 170.875 161.750 188.027% 92.739 89.238 77.315 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE

To: Vitas who wrote (34972)	12/10/1999 12:22:00 PM
From: Eric Wells	Read Replies (3) \| Respond to of 99985

because TA is all about following what a stock actually does Vitas - you bring up some interesting points on TA. I do not do any "real" technical analysis myself. But I've recently begun to ponder an idea regarding technical analysis on which I would be interested in getting your feedback as well as the feedback of other TA experts on this thread. It appears that TA is used in an attempt to spot trends or potential changes in trends of stocks (or various indexes) in an effort to predict the future. But if enough people do TA, I start to wonder how much of TA's predictive powers start to become collaborative or collusive. For example, if you have 100 TA investors looking at a chart for YHOO, they might all come to the same conclusion (assuming they all practice TA in a similar manner) - that YHOO is on an upward trend - and as such, all 100 investors may do the same thing - buy YHOO. And this is all accomplished without the investors communicating with one another - they are in effect, collaborating (or colluding - you choose the verb) in the purchase of YHOO. If one were to try to apply this notion to explain what is happening in the market today, you would run into a potential roadblock in that it could be argued that most investors don't do TA. But isn't it possible for an investor that doesn't do TA to rely on the advice of or to follow the actions of other investors or analysts that do TA? If everyone is somehow tied into doing TA in a similar fashion (whether doing it directly or by listening to or following someone who does), is it not similar to all investors getting on a conference call in the morning before market open and saying "Okay, what are we all going to buy today - which stocks are going to win"? And as such, the stocks that have been going up, continue to go up (their prices bearing no relation to the profit making potential of the companies they represent). I'm not saying that I believe that this is what TA is all about - but I have pondered the idea. And I don't mean this post to be seen as a disparaging comment on TA - in truth, my position on TA is neutral (I don't know enough about it to have a position). And the idea I present here may be no more than "taking TA to an extreme" - an extreme that is far from reality. Anyway, I would be interested in getting your views, and the views of others. Is TA a predictive tool - or is it really just a tool that allows investors to collaborate without actually communicating with one another? Thanks, -Eric Wells