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


To: bobby beara who wrote (39982)2/12/2000 1:07:00 PM
From: Investor2  Respond to of 99985
 
Thanks for the chart.

csf.colorado.edu

I was aware of the advance-decline line's downward slope since 1998, but I hadn't noticed the fact that it has been essentially flat since 1990, a period of 10 years, during the mother of all bull markets. What does that mean? I'll have to think about that a while.

Best wishes,

I2



To: bobby beara who wrote (39982)2/12/2000 1:55:00 PM
From: yard_man  Respond to of 99985
 
For the market to go up any more that has to get worser <g> ... quick, sell those loser DOW stocks on Mon and buy NDQ futures. Pleeaase ...



To: bobby beara who wrote (39982)2/12/2000 3:45:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
BB. the way to interpret the A/D line is different this time (now I ma serious)

Due to the fact that today most fund manager band as a group and run certain groups of stocks an are not investing based on fundamental but more and more on momentum and story features, and then switch to another group makes teh A/D line look so bad.

Even if not counting for that the majority of stocks on the NYSE are teh so called "old era" stocks and J6P only buys mutual funds or momentum stocks.

In my opinion it will be difficult to grasp the market health based on the A/D line and it has more to do with the monetary agregates, such as M1 and M2 ... in other words liquidity.

BWDIK
Haim