Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Benkea who wrote (51722)	5/22/2000 9:31:00 PM
From: John Madarasz	Respond to of 99985

OEX and DJIA CVI's seem to indicate somewhat of a short term bottom... as per decisionpoint Last 5 days OEX ... +33 -8 +4 -29 -23 DJIA ... +47 -7 -7 -37 -47 10/18/99 readings were -57 on OEX and -47 on djia 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. Regards, jm