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

To: Peace who wrote (61650)	10/31/2000 2:33:00 PM
From: da_cheif™	Read Replies (1) \| Respond to of 99985

It appears that most are in the trap of a very overbot market thus paralysed....the gap at 1476 appears likely in the next few hours and the dow a comencerate 400 points.... one of the the all important tools for future trend analysis is Granvilles OBV...now dont laff....based upon OBV granvile developed his CLX indicator...unfortunately he doesnt know how to use it...an ammazingly simple but fabulous tool for staying ona trend and forcasting in terms of time a trend change...His CLX is defined as the daily total of the net difference of OBV up and down breakouts of the 30 dow components...once you arrive at that daily figure you construct 3 moving averages ...3..10 ...and 30 day MA'S...the rest is simple...just look at the offsets...and direction....then to help pinpoint the turn construct a 3 day moving average of the net difference of the SIMPLE CLX and that of the CLX based upon volume per pennies...I do this on 30 gold stocks and 30 transpo stocks....the net result is 17 timer digest timer of the year awards....BTW he was considered for the Nobel prize for this work....