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


To: Shtirlitz who wrote (54666)6/20/2000 9:31:00 AM
From: Les H  Read Replies (1) | Respond to of 99985
 
It was a weak breadth day with Nasdaq going up at the expense of other stocks. My proportion of sell reversal signals actually went down from 66 % to 63 % since as many stocks were being sold off in position for potential up reversals. Usually, the ratio will go up in favor of more sells when the market goes up. I think some had raised the possibility of the market continuing a phase like early 99 when the Nasdaq-Dow tradeoff occurred.