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

To: KymarFye who wrote (67297)	1/19/2001 4:47:50 PM
From: HairBall	Respond to of 99985

KymarFye: Nice post...some pretty slick analysis, I'll have to get back to over the weekend with my reply. I am winding down early today...its da weekend...<g> Have a great weekend everyone! Regards, LG

To: KymarFye who wrote (67297)	1/19/2001 4:48:36 PM
From: lurqer	Read Replies (1) \| Respond to of 99985

Interesting that in closing almost exactly on yesterday's high, after a gap up (classic definition of the counterattack pattern) re. counterattack CNBC, in a "Trader Talk" segment, discussed "hedge funds" shorting this mornings early "pop". lurqer

To: KymarFye who wrote (67297)	1/19/2001 10:08:59 PM
From: Daveyk	Read Replies (1) \| Respond to of 99985

Excellent post.The following bell curve clearly shows an overbought condition on the daily whereas the weekly is slightly oversold as yet. The Nasdaq Composite Index is a broad-based capitalization-weighted index of all Nasdaq national market and SmallCap stocks. 50 day Moving Average 2740.81 150 day Moving Average 3433.74 200 day Moving Average 3497.47 Momentums Daily Weekly Monthly Momentum 0.02352 0.09732 -0.18072 Cross Point 2588.140 2041.754 4878.785 Time Pos/Neg Pos 11.0 days Pos 3.0 wks Neg 9.8 mos Wkly Distribution \|+ + \| + + \| + + \| + + * + + \| + ---------------\|-------------------- 1884.90 2794.80 3704.70 Daily Distribution + \| + + \| + + \| + + \| + * + + \| + ----------------------------\|------- 2303.90 2583.43 2862.95 This would seem to support your thoughts.After previewing I can see it's difficult to read as it didn't cut and paste well.Each chart has three numbers with the middle number being the mean where it is not overbought or oversold.Similar to stochastics in a sense. Best,Dave