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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John T. who wrote (25045)	7/8/2000 7:46:35 AM
From: dennis michael patterson	Read Replies (1) \| Respond to of 42787

<<Have you noticed the NYSE advance/decline line? After hitting a low around May 25, the NYSE A/D line has made a series of higher highs and higher lows. Perhaps there is a broad based advance in the works. >> Ralph Bloch made much of this yesterday in his comments after the bell. He thinks it very constructive

To: John T. who wrote (25045)	7/9/2000 12:52:39 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 42787

Regarding teh Advance decline, I have been using it as a market indicator but in a contrarian way recently and it has been working fairly well. While the NYSE is improving and has not yet triggered a sell, the NASDAQ advance decline did signal a sell on my system as of Friday's close. it isn't perfect and in this basing period of tight rapid moves, it could prove to be false but I did find it interesting none the same. One additional note is that it is only a short term signal and not a major class signal. The chart is posted here for viewing. marketswing.com Good Luck, Lee