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

To: Saulamanca who wrote (58822)	9/10/2000 2:49:02 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

ho ho ho's now on the mdd thread, the last time this thread was so quiet was in late december 1999. nice article on price headley - even after the downdraft this week ursa is still just a smidgeon off 52 week lows, though the overall ratio has come down quite a bit from 9/1. stockcharts.com[L,A]WACLYYMY[DF][PB50!B100!F][VC60][IUB14!LA12,26,9] the ndx could be making a violent upangled h&S pattern with the left shoulder the april to sept 99 period, the head in march and now the right shoulder with a couple of failed breakouts on 7/17 and 9/1, a lot of the high flyers look like they are close to completing (or have) five waves up from the april low and their are a whole bundle that are forming rising wedgies. Csco is sitting right on support of lower triangle trendline and ndx is at 3800 pivot point, i think monday should be important for short term direction. everybody has been talking about the breadth, but using Dow Theory, while the nyse has broken out to new highs and many sectors rallied into mid august, since then it's been all banking, brokers, utilities and energy, and a few selected high cap techs. people have compared this pattern in spx to the 1997 ascending triangle, but at that time we had a broad based breakout. In 1994 we did not have an inverted yield curve. b

To: Saulamanca who wrote (58822)	9/13/2000 1:43:46 AM
From: Smooth Drive	Respond to of 99985

Hello Jim, Thank you for posting that interview. I've kind of gone full circle and am back looking at ma's and macd's so his comments were of interest to me. Regarding his sentiment discussion, and specifically his reference to the Rydex Funds rydexfunds.com. Do you know how he's getting the 9/1 reading of 17.08? Anyone? I thought it might be the NAV's but that doesn't appear to be the case. Take care, Eric

To: Saulamanca who wrote (58822)	9/13/2000 2:36:05 AM
From: Smooth Drive	Read Replies (2) \| Respond to of 99985

Wow! Too many drinks tonight<g>. I understand how the numbers were crunched. I just don't know where to find daily info on assets in the funds.

To: Saulamanca who wrote (58822)	9/14/2000 12:49:29 AM
From: Smooth Drive	Read Replies (1) \| Respond to of 99985

Thanks to the nice folks that PM'd me info. That's a start on the Rydex Ratio. Now, I also want the put/call ratio. I've never kept that. I know that the CBOE site provides it on a daily basis but the history is not in Excel format. So, who's the nice person who'll share with me their Excel formated P/C volume data. Come onnnnnnn ----- give it up!! I'll fax you a drink of your choice. I have the vix data. When I get these 3 going, either in bar or P&F format, I'll post them and we'll see if BigFreakingTrend's got something here. Now, Headley said "One proprietary measure I have developed, my favorite indicator, consists of acceleration bands, which allow me to spot stocks that are exhibiting unusual trends. It's two bands created around a 20-day moving average. When a stock breaks out of the top band, it suggests it will keep on accelerating at a faster and faster rate. I also have a re-entry signal that gives me a chance to get back in. One of the biggest mistakes investors make is getting out of a good stock because they think it's overpriced but then they don't have another plan to get back in. Even if they are correct and the stock retreats, they don't typically think about getting back in and they usually miss out on a great buying opportunity. The focus has been on the technology leaders the past two years because that's where the action has been. If we get a change in the market in which other groups begin to go through acceleration phases, then we would naturally move toward those areas. One stock that was great for me was S1 Corp. We had a couple of different acceleration periods that we really took advantage of in the spring of 1999 and the beginning of 2000. When the acceleration ended, we were out. We exited at a price of about 110. Now the stock is trading at 18. We like its prospects for the long term, but we are waiting for the next acceleration phase before we buy in again. What we really care about is how a stock is doing relative to our other opportunities." What about these acceleration bands? What do you think they might consist of Les? Anyone? Take care, Eric