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

To: donald sew who wrote (1536)	12/12/1998 7:58:00 PM
From: TRINDY	Read Replies (1) \| Respond to of 99985

Donald, I understand the confusion. With Friday's action, my signals are as follows: DOW--Negative and appearing to trend downward. NYSE--Slightly negative. S&P 100--Flat, no distinct trend. S&P 500-Flat, no distinct trend. TRN--Negative, but only recently so. Utilities--Negative. NAZ--Slightly positive, still apparently trending higher. A/D Summation--Negative, recent change from flat behavior. Vol A/D Summation--Slightly negative. TRIN Weighted A/D Summation--Slightly negative. My signals are generated from a regression-based time-series analysis approach. The balance of present signals has to be taken as negative, especially since it seems to me that the DOW has been leading the other indices of late. There is still considerable divergence in the 100, 500 and NAZ. I don't see the market threatening a tank unless these three begin to exhibit more negative behavior. I can see why your system could be generating a buy signal in that the patterns at present could be interpreted as simply move to the lower part of the Bollinger band. Thus, I think we remain on the cusp of a change in direction either upward or downward. Hard to place a bet with all of these political machinations going on around us. I look for more evidence that this is simply a move to the lower band. In my system only the DOW and A/D behavior could be considered as firm counter evidence at present. Cheers!