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

To: HairBall who wrote (40833)	2/20/2000 2:10:00 PM
From: Kailash	Respond to of 99985

LG - I was using bigcharts which doesn't give you that option. I'd be interested to see it if you can produce it though. Is there any precedent for this kind of divergence? In light of bearshark's last posting, it would be interesting to try to generate the following graph (a challenge here to the graphically enabled): A comparison of the divergence between a composite of the top 30 mania stocks (the Bubble Index) and some broad measure of the overall market (e.g. SPX) around the time of the market tops of 1929-30, 1969-70, and 1999-2000. 1. Assembling the Bubble Index would have to be done in some fair way of course. What would be good criteria? Some weighting of percent increase in the preceding three years, total market cap, and P/E? To do this we would have to pick a date for the top; for 2000, I nominate 18 January on a provisional basis <g>. 2. The baseline would be a broad measure of stocks such as the SPX. Any takers? Kailash