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

To: donald sew who wrote (1170)	12/10/1998 11:31:00 AM
From: HighTech	Read Replies (1) \| Respond to of 99985

I have been keeping track of the 10-day average of TRIN, where you take the advancers times the up volume and subtract the decliners times the down volume. This then gives you a net positive or net negative trend line above or below zero depending on the numbers. For the NYSE, we are below zero; for the Naz we are hovering between barely positive and barely negative, i.e. right at zero. They both have been trending down from a high positive reading. I don't know what this means because I have been using this for just a few weeks but it was in deep negative territory around the beginning of October. Also, the NYSE 25-day moving average of the difference between advancers and decliners is approaching negative territory after shooting straight up since October. The Naz's has been in negative territory for two days. I give more credence to indicators that reflect the factual statistics in the market and their trends than I do "outside" the market indicators such as astro, Bradley, cycles, etc. Those may provide additional, confirming signals - but the internals that reflect what has/is actually happening seem to provide more useful data for making forecasts. HiTech