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

To: Patrick Slevin who wrote (180)	12/3/1998 2:19:00 PM
From: coug	Read Replies (1) \| Respond to of 99985

I've had two major data breaks, one for about 35 mins and one for about 10'... Frustrated watching you make all the money.. Only play the short side until a volume reversal.

To: Patrick Slevin who wrote (180)	12/3/1998 2:27:00 PM
From: HighTech	Read Replies (2) \| Respond to of 99985

Looking at modified TRIN, the trend has been down over the last few weeks and is heading toward -0-. Also, the 25-day a/d has been dropping and is approaching negative numbers.(I use IBD numbers) The weekly MACD on markets indicates decreasing momentum. The histogram is leveling off but has not yet turned down. It can go down for several weeks as the markets continues up, but it almost always is a leading indicator of market direction. Could be just consolidation, but I would not be surprised to see continued weakness the next two weeks given upcoming preannouncements. HiTech