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

To: bobby beara who wrote (78542)	6/12/2001 11:07:35 PM
From: Zeev Hed	Respond to of 99985

Bobby, still zipped to the neck in my bear suit. Sure, I try and do the daily pattern fro before lunch to 2:00 PM (today from a little later, and probably should have stayed another hour, c'est la vie...), but I am not going to sleep with these positions. We get a nice rally, so you think we'll get a little expansion in the new highs and contraction of new lows? We get the other way around, contraction of new highs to less than 100, and expansion of new lows. Not a good sign. Furthermore, that NYSE high trin that everyone is chanting as a sign of an oversold condition, the divergence with the tic is ominous, IMTO. Today we had a max tic reading of 900 plus, yet, the NYSE trin stayed above 1.00 stubbornly. Meaning? despite the preponderance of uptics, the big volume was going into declining stocks. There is more selling where that selling is coming from, IMTO. Zeev