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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: nsumir81 who wrote (59421)	4/30/2002 9:10:53 PM
From: augieboo	Respond to of 99280

re: Summation Index. Yes, it's down again, but it's got a LONG way to go before it reaches really significant territory!

To: nsumir81 who wrote (59421)	4/30/2002 9:20:59 PM
From: Les H	Read Replies (1) \| Respond to of 99280

it's dropping off the high A/Ds from early March stockcharts.com it should drop off positive A/Ds off of the back of the series for another two weeks as the market ran up to March 11

To: nsumir81 who wrote (59421)	4/30/2002 9:28:44 PM
From: shoreco	Read Replies (1) \| Respond to of 99280

nsumir81, Your overlooking the longer term rising trend line in the McClellan and the Summation going from Sept to Mar. I follow these indicators on a daily basis because I feel they have the largest influence towards Institutional activity. You need to read the Summation index as if it was a big Whale and remember it can't make the violent turns like the McClellan can. Right now the McClellan needs to get past zero and break above the falling trend line from Mar and April. If that were to happen, the Summation would be turned up and ready to breakout above zero. A rising summation leads to Institutional buying and a falling summation does just the opposite. EOM Shoreco PS DecisionPoint.com has these charts for all the indices and not just the Nasdaq and NYSE that you get at Stockcharts.com You'll notice how the selling picked up in the INDU just as the Summation went into free fall...