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


To: HairBall who wrote (981)12/8/1998 9:35:00 PM
From: Monty Lenard  Read Replies (4) | Respond to of 99985
 
LG, I just looked at the Nasdaq stocks that made new highs today and
I feel very sure anyone who wants to do some shorting tomorrow will
find some very nice candidates here. Watch INTC! It had a Doji
Shooting Star (Evening Star) today as did many of the others.

INTC
SEEK
AMAT
XCIT
TCOMA
COST
TRCD
NMGC
CUBE
VTSS
MXIM
AGPH
BOBJY
CMNT
CSGS
AWRE
PPRT
INTV
CMVT
RMBS
BBBY
CLFY
PSEM
ZILA
HTCH
MEDI
BMET
HLYW
MACR
VECO
CTAS
MFNX
RESM
TACO
AMCC
EAGL
ORBKF
PLCE
AMSY
IMTN
FUTR
SDLI
PURE
IMNX
GILTF
THQI
LZRCF
BINC
FIIF
TXCC
MERQ
ISGTF
FSTR
MVSN
TLTN
PRGS
CNMD
USHP
CSIM
FPIC
FTSW
GTNR
MXWL
BJICA
EXAC
MNMD
PLXS
DNEX
SEGU
ITGI
ALSI
HPFC
OTTR
PEGI
LUTH
CRHCY
MSEX
JOIN
GAIT
CONW
MEAD
TCOMB
PRFN

10 20 200 10 20 200
DATE NYSE NYSE NYSE NASD NASD NASD
04/21/98 NA NA 61.2% NA NA 48.9%
06/16/98 NA NA 42.7% NA NA 32.8%
07/17/98 49.7% 54.5% 49.7% 47.1% 44.4% 37.4%
08/31/98 3.6% 4.7% 10.6% 4.2% 4.1% 8.0%
09/23/98 62.8% 58.4% 18.4% 45.7% 41.3% 11.8%
10/08/98 13.4% 15.5% 11.0% 6.6% 7.6% 4.7%
10/20/98 72.4% 58.7% 18.1% 57.4% 40.1% 9.5%
10/28/98 52.6% 65.0% 18.2% 52.5% 55.0% 13.2%
11/05/98 71.4% 76.1% 27.8% 56.7% 63.5% 18.7%
11/06/98 70.9% 75.1% 28.7% 56.7% 64.6% 19.9%
11/09/98 62.8% 71.1% 27.2% 52.0% 61.5% 19.6%
11/10/98 54.7% 67.3% 27.1% 48.8% 59.5% 19.3%
11/11/98 43.2% 60.7% 26.1% 44.0% 56.6% 19.2%
11/12/98 37.3% 57.2% 25.4% 40.7% 54.9% 19.1%
11/13/98 35.2% 56.2% 25.5% 38.2% 52.2% 19.3%
11/16/98 37.5% 54.8% 26.4% 38.5% 51.7% 19.7%
11/17/98 36.6% 52.5% 26.3% 36.1% 49.3% 19.6%
11/18/98 36.1% 51.0% 26.0% 37.2% 48.1% 20.1%
11/19/98 42.7% 52.1% 27.4% 39.2% 47.8% 21.1%
11/20/98 46.8% 52.7% 28.3% 40.5% 47.0% 21.4%
11/23/98 50.6% 54.1% 30.1% 42.0% 46.3% 21.6%
11/24/98 50.3% 52.7% 30.2% 39.5% 43.3% 21.6%
11/25/98 50.2% 50.7% 29.8% 41.4% 44.2% 21.8%
11/27/98 50.9% 50.1% 29.7% 40.1% 40.2% 21.3%
11/30/98 40.3% 42.5% 28.4% 38.4% 40.0% 22.2%
12/01/98 39.1% 42.6% 28.4% 36.5% 39.2% 22.4%
12/02/98 35.6% 39.5% 28.0% 36.1% 38.9% 22.5%
12/03/98 30.3% 35.8% 26.9% 32.5% 35.8% 22.0%
12/04/98 36.1% 40.6% 28.4% 35.8% 38.4% 22.7%
12/07/98 39.2% 42.9% 29.2% 35.4% 38.2% 22.9%
12/08/98 35.6% 40.0% 28.3% 33.8% 36.6% 23.2%

10 20 200 10 20 200
DATE NASD100 NASD100 NASD100 S&P100 S&P100 S&P100
04/21/98 NA NA 71.0% NA NA 86.0%
06/16/98 NA NA 52.0% NA NA 65.0%
07/17/98 NA 72.0% 62.0% NA 67.0% 71.0%
08/31/98 2.0% 2.0% 17.0% 7.0% 7.0% 18.0%
09/23/98 76.0% 72.0% 42.0% 75.0% 71.0% 34.0%
10/08/98 2.0% 3.0% 14.0% 32.0% 30.0% 23.0%
10/20/98 91.0% 71.0% 38.0% 84.0% 79.0% 49.0%
10/28/98 76.0% 86.0% 46.0% 42.0% 71.0% 39.0%
11/05/98 85.0% 88.0% 58.0% 92.0% 93.0% 55.0%
11/06/98 85.0% 90.0% 59.0% 97.0% 91.0% 56.0%
11/09/98 73.0% 87.0% 58.0% 85.0% 88.0% 53.0%
11/10/98 67.0% 85.0% 56.0% 74.0% 80.0% 52.0%
11/11/98 52.0% 75.0% 56.0% 56.0% 72.0% 52.0%
11/12/98 46.0% 76.0% 56.0% 40.0% 70.0% 51.0%
11/13/98 39.0% 76.0% 55.0% 55.0% 79.0% 53.0%
11/16/98 54.0% 75.0% 59.0% 63.0% 81.0% 54.0%
11/17/98 55.0% 71.0% 61.0% 58.0% 80.0% 53.0%
11/18/98 69.0% 75.0% 61.0% 61.0% 78.0% 51.0%
11/19/98 74.0% 75.0% 62.0% 72.0% 75.0% 52.0%
11/20/98 71.0% 71.0% 62.0% 82.0% 82.0% 58.0%
11/23/98 76.0% 78.0% 63.0% 82.0% 86.0% 64.0%
11/24/98 65.0% 68.0% 62.0% 74.0% 80.0% 60.0%
11/25/98 66.0% 73.0% 64.0% 71.0% 78.0% 61.0%
11/27/98 70.0% 71.0% 62.0% 73.0% 79.0% 62.0%
11/30/98 34.0% 50.0% 59.0% 41.0% 56.0% 56.0%
12/01/98 45.0% 57.0% 59.0% 45.0% 54.0% 56.0%
12/02/98 50.0% 61.0% 59.0% 39.0% 56.0% 58.0%
12/03/98 36.0% 53.0% 59.0% 21.0% 40.0% 52.0%
12/04/98 53.0% 63.0% 59.0% 40.0% 52.0% 56.0%
12/07/98 62.0% 70.0% 63.0% 46.0% 58.0% 56.0%
12/08/98 68.0% 67.0% 63.0% 37.0% 53.0% 54.0%

10 20 200 10 20 200
DATE S&P400 S&P400 S&P400 S&P 500 S&P 500 S&P 500
04/21/98 NA NA 77.3% NA NA 82.4%
06/16/98 NA NA 48.8% NA NA 59.8%
07/17/98 NA 59.3% 56.5% 52.2% 58.8% 65.2%
08/31/98 3.8% 5.8% 13.3% 6.2% 8.0% 18.2%
09/23/98 77.8% 75.0% 26.0% 78.8% 75.0% 34.0%
10/08/98 16.3% 18.3% 16.3% 23.8% 23.8% 22.0%
10/20/98 83.5% 72.8% 25.5% 83.6% 75.8% 37.2%
10/28/98 63.0% 76.5% 26.8% 47.6% 70.6% 35.0%
11/05/98 85.5% 87.5% 40.5% 90.0% 91.4% 49.2%
11/06/98 86.8% 89.0% 43.0% 91.2% 90.6% 51.0%
11/09/98 78.5% 87.8% 40.3% 80.6% 86.4% 49.2%
11/10/98 66.0% 84.3% 39.8% 68.0% 81.0% 47.2%
11/11/98 49.0% 76.0% 39.3% 48.4% 70.0% 44.8%
11/12/98 46.0% 70.5% 39.0% 40.6% 69.0% 45.4%
11/13/98 41.0% 70.3% 37.8% 50.6% 75.6% 46.4%
11/16/98 42.0% 65.8% 38.0% 59.2% 78.0% 47.8%
11/17/98 47.5% 67.0% 39.8% 56.6% 74.0% 46.0%
11/18/98 46.0% 66.0% 40.8% 53.4% 72.4% 45.8%
11/19/98 52.0% 65.8% 41.3% 61.2% 72.0% 46.6%
11/20/98 63.3% 63.3% 41.8% 75.6% 75.6% 48.6%
11/23/98 55.5% 62.0% 43.0% 78.6% 82.0% 53.2%
11/24/98 54.5% 59.3% 42.0% 72.8% 79.0% 52.6%
11/25/98 59.3% 60.3% 43.3% 69.8% 74.0% 52.0%
11/27/98 60.5% 61.0% 43.8% 68.6% 72.6% 52.8%
11/30/98 37.8% 44.5% 38.3% 38.8% 49.6% 48.2%
12/01/98 38.8% 43.8% 39.0% 41.8% 54.4% 48.4%
12/02/98 40.8% 44.8% 38.5% 41.0% 52.2% 50.0%
12/03/98 35.8% 41.3% 37.8% 26.4% 41.8% 46.8%
12/04/98 46.0% 48.8% 39.8% 47.0% 54.4% 50.8%
12/07/98 56.8% 57.5% 44.0% 51.0% 60.0% 51.6%
12/08/98 51.3% 52.8% 41.5% 42.8% 53.0% 49.8%

10 20 200 10 20 200
DATE S&P600 S&P600 S&P600 R2000 R2000 R2000
04/21/98 NA NA 72.0% NA NA NA
06/16/98 NA NA 42.2% NA NA NA
07/17/98 48.0% 55.0% 49.0% NA 55.0% NA
08/31/98 2.7% 3.0% 7.7% 2.2% 2.6% 9.4%
09/23/98 68.2% 65.2% 19.5% 66.8% 64.0% 18.6%
10/08/98 8.8% 10.7% 8.5% 6.8% 7.9% 7.0%
10/20/98 85.2% 66.7% 17.0% 78.9% 59.6% 14.7%
10/28/98 74.3% 81.7% 22.2% 67.2% 74.1% 19.4%
11/05/98 77.8% 89.8% 30.8% 72.3% 81.0% 28.2%
11/06/98 77.5% 87.3% 31.8% 71.3% 79.8% 28.6%
11/09/98 69.8% 83.0% 30.7% 65.1% 76.1% 27.8%
11/10/98 69.5% 82.8% 32.5% 58.4% 72.7% 27.3%
11/11/98 54.3% 74.2% 30.0% 49.3% 67.5% 26.1%
11/12/98 48.7% 69.8% 29.0% 42.9% 62.9% 25.8%
11/13/98 35.0% 61.3% 28.5% 34.3% 56.9% 25.0%
11/16/98 37.2% 58.3% 27.2% 35.0% 53.8% 25.0%
11/17/98 34.3% 54.0% 27.2% 31.6% 49.7% 24.6%
11/18/98 36.0% 52.8% 28.2% 35.0% 50.3% 25.5%
11/19/98 51.2% 60.3% 30.2% 40.3% 50.3% 26.8%
11/20/98 59.5% 59.5% 30.2% 49.0% 49.0% 27.0%
11/23/98 58.7% 61.2% 32.0% 47.7% 50.1% 27.7%
11/24/98 59.0% 59.7% 30.8% 47.3% 48.2% 27.5%
11/25/98 58.2% 57.0% 32.8% 51.6% 50.1% 28.3%
11/27/98 61.0% 57.5% 32.3% 52.3% 48.4% 28.2%
11/30/98 55.7% 54.8% 33.5% 48.7% 47.0% 28.9%
12/01/98 56.0% 55.2% 34.0% 49.7% 48.6% 29.5%
12/02/98 49.2% 51.2% 34.8% 46.3% 46.6% 29.4%
12/03/98 39.7% 45.0% 32.5% 40.4% 43.1% 28.8%
12/04/98 49.2% 52.8% 35.0% 45.0% 47.7% 29.5%
12/07/98 49.8% 52.7% 35.7% 47.8% 49.6% 30.6%
12/08/98 45.3% 49.3% 35.2% 43.5% 46.8% 30.2%

Monty




To: HairBall who wrote (981)12/8/1998 11:35:00 PM
From: Ms. X  Read Replies (1) | Respond to of 99985
 
HI LG,
Thanks for the invite. I waited until I had some news to come join your new thread.

Our short term indicators in PnF land are turning negative. Two of the important short term indicators are still holding on by a thread and we are watching these carefully.

Right now our position is to watch the relative strength of stocks and for support level breaks. When our short term indicators turn bearish we don't chase stocks and only buy those that have performed well and on pullbacks.

Should the larger of the short term turn negative we would suggest not being margined and taking profits on trade positions. This has not happened yet.

Currently the large caps are keeping the Nasdaq in nice territory. The little guys are getting kicked around.

If our big indicator should reverse (the NYSE BP) you will hear the screaming from the PnF thread and I won't need to post here. :-)

Take care,

Jan I am

Edit: and a completely unintentional (I swear) triple reversable grub!!!
I'm so proud of myself I could just faint. Imaine that, without trying. Makes it even sweeter :-p