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

To: HairBall who wrote (50995)	5/16/2000 11:12:00 PM
From: marginmike	Respond to of 99985

Any opinions on the Worden brothers call on a rally? The Surprises Came from the Market ? Not Alan The market has never been reticent about surprising investors. In fact, one could say fairly that it is obsessive about surprising us. The Nasdaq is acting awfully well and it just may be that we've had a successful test of the April low. If it had violated that low and kept the volume light, we'd be sure of it. Both TSV and MoneyStream are positively divergent. In the face of good price action, that's pretty potent evidence. It is consistent with the market's sense of humor to bottom on a bad-news event. It made a bottom during the Cuban missile crisis in 1962. And now it's thumbing its nose at Alan. If you check our Notes today, you'll find that I've pointed up a number of T2 Indicators that are bullish. I am particularly impressed with the Cumulative Volume Indicator, which doesn't often have much to say. Now it's bullish. And there's more to the market than just the Dow and Nasdaq Composite and S&P 500. The S&P Midcap Index is sitting in position to go over the top in a matter of a few days if it chooses to. The S&P Smallcap is also in a good position. Sort the Worden Notes in descending order by Note Date and take a look at these, as well as the T2 Indicators I've selected.