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


To: bobby beara who wrote (46463)4/15/2000 11:14:00 AM
From: John Madarasz  Read Replies (1) | Respond to of 99985
 
Bearic Von Bobanov...

OEX CVI last five days... +5 +27 +24 -8 -55

DJIA CVI last five days... +7 +33 +20 -13 -57

FWIW oct '98 and '99 lows registered apx -57 on both OEX and DJIA charts ... both following CVI dips to -80 and -100 in mid sept. respectively.

You Remain,

Von Bobanov<g>

*The CVI is an expression of on-balance volume (OBV) breaking out (up or down) within an OBV volume cycle. The calculation, which is proprietary, is performed on each stock in the S&P 100 Index and the results added together for a net value for the index. The CVI maximum range is +100 to -100 , but the normal range will be approximately +50 (overbought) to -50 (oversold), which actually represents the net percentage of stocks within the market index with volume climaxes. The CVI is a short-term indicator that identifies climactic tops and bottoms in the volume cycle. It is useful in finding ST tops and bottoms in price.



To: bobby beara who wrote (46463)4/15/2000 11:46:00 AM
From: RocketMan  Respond to of 99985
 
They are just now on the news interviewing a high school kid next to his computer about the market slide, he says not to worry, just a normal correction - i feel much better now -ggg-

I wonder if that was Stuart? I heard he got fired yesterday when his boss lost all his money in that Ameritrade account. His girlfriend's dropped him too, and he's despondent. Serves the little wiseass right <g>



To: bobby beara who wrote (46463)4/15/2000 11:59:00 AM
From: Les H  Read Replies (3) | Respond to of 99985
 
Capitulation Monday

personalwealth.com

this is getting to be too much a consensus



To: bobby beara who wrote (46463)4/15/2000 1:15:00 PM
From: HairBall  Respond to of 99985
 
bobby beara: This little bottom in the a/d line had lots of people fooled that the market was broadening out (me too for a while

Not I...<g>

Regards,
LG



To: bobby beara who wrote (46463)4/15/2000 1:20:00 PM
From: Crimson Ghost  Respond to of 99985
 
BobbY:

Don Hays has been saying over and over that he strongly suspected the recent improvement in the A/D line was a trap for the unwary.