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

To: Boplicity who wrote (67800)	1/27/2001 3:45:23 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

hey dood, >The advance-decline line is reality>> reality bites -g-, unless your stocks are in the a category -g- ya i no, wen the nasdaq and the major avgs were going up and the nyse a/d line was falling into a hole the bullz said that the a/d line was an illusion and the averages were the reality, they also sed the fed was irrelavant and nothing could stop the nasdaq. now they are saying the a/d line is reality, now that the broad market is going up and the averages are sinking, now they say the fed is relevant and don't fight the fed -gg- everything is bullish. i hope u don't mind me pick'n on u, but i think of u as the anti-lecretious (maybe rite or wrong), and i like picking on people with extreme views that border on religion.

To: Boplicity who wrote (67800)	1/27/2001 6:26:49 PM
From: c.hinton	Read Replies (1) \| Respond to of 99985

So you're saying that the economy is only an illusion and the stockmarket is reality?I would have thought it was the other way round.

To: Boplicity who wrote (67800)	1/27/2001 7:14:43 PM
From: Casaubon	Read Replies (2) \| Respond to of 99985

But the reality is STOCKS ARE GOING UP NOW. yes, to meet very steep downtrend lines, and in cases where they break through, to strong horizontal resistance of major topping patterns.

To: Boplicity who wrote (67800)	1/27/2001 9:01:37 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 99985

From the 80's to now, there is no parallel for the movement in the COMPX. Considering only the monthly chart, rounding off the numbers 'cause I'm lazy: - The average significant pull back tends to be around 62%. - The latest pull back is 76%, so far. I measure the rise as starting from the low of 1998's sell off to the peak. Rational, on the monthly chart, is simple. There wasn't a single monthly bar that closed lower than the prior one. It was one giant uptrend, a 278% move from bottom to top. A big move in a short time, only 1.25 years (222% per year as compared to the number below). Why measure from the 98 point? It was the only significant pullback, on a monthly chart, that made a lower low than any other monthly pull back or consolidation zone since the uptrend began, following the 1988-91 congestion zone. In contrast, the dark days of 1987 only retraced 42% of the move that started in 74. Mind you that as a 729% move, albeit over 12 years (60% per year). What, if anything, does all this mean? Damned if I know, I just trade what is in front of me. However, my inclination is to believe that its more likely than not that I'll have to measure the current retreat from lower prices, at some future point.