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

To: Psycho-Social who wrote (68966)	2/11/2001 6:46:20 PM
From: Square_Dealings	Respond to of 99985

I'm waiting for the market to give a buy signal. The effects of the unemployment spike here need to settle out and some credit issues resolved, like CA power bills before I'm convinced the market is going up. Growth is going down fast, except in the energy area. Average personal disposable income is a negative percentage of wages now? Woa get real. M.

To: Psycho-Social who wrote (68966)	2/11/2001 6:51:16 PM
From: Doo	Respond to of 99985

Viewing the IIA in isolation, I agree with your observation 100%. I've watched the IIA since 1995. However, when coupled with price and volume indicators for intermediate term tops and bottoms (accoring to O'Neill's Chap. 7 of HTMMIS), the IIA extremes have corresponded nicely with those turning points through the 1998 bottom. Since then, and Summer 1999 is a great starting point, there's been such a narrowing of the numbers and consistencey in the bullishness that they've been of no use even in the face of those price and volume signals. Jeff