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

To: dennis michael patterson who wrote (553)	12/5/1998 10:26:00 PM
From: Les H	Respond to of 99985

You should be able to set the parameters on the above indicators at any of the charting sites, iqc.com , bigcharts.com , clearstation.com , or in your programs. I had read that the 5-period Wilder RSI was used in the Bressert Cycle Trader to identify short-term cycles within a trend. There are always some stocks or markets that don't follow it, or break the pattern for awhile. Another interesting thing that I've found is that if one plots PaintBars for days when the market closes down 1% or more from the preceding day on higher volume, the market usually is entering a sideways market or a downtrending market. The opposite PaintBar is when the market closes up 1% or more on higher volume. The first condition of a selloff day almost never occurs in an uptrend as since October 8 or in the prior two runs this year: January to April, and June to July. The Dow/S&P have had two selloffs on higher volume.