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


To: bobby beara who wrote (47244)4/18/2000 9:33:00 PM
From: quote 007  Read Replies (1) | Respond to of 99985
 
internet IS AT 6%--

SBG



To: bobby beara who wrote (47244)4/18/2000 9:43:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
I have about 375 stocks in an internet composite. Today's
rally in the nets now have 10% of the stocks above their
10-day moving averages, 1% above their 21-day and 50-day,
and 14% above their 200-day moving averages. The
progression in breadth has been:

10 21 50 200
1/16 0% 1% 0% 9%
1/17 1% 1% 0% 8%
1/18 10% 1% 1% 14%

The 20-day new high/low breakouts are improving also:

1/16 0 highs 334 lows
1/17 0 highs 246 lows
1/18 0 highs 24 lows

The broader market has improved similar mostly on the lows
list from 2135 lows on Friday, 1420 on Monday, and 290
today (all 20-day lows).