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

To: Kam Naik who wrote (1625)	12/14/1998 9:52:00 AM
From: James Strauss	Respond to of 99985

Barnes Indicator... decisionpoint.com Thanks Kam.... The Barnes Indicator does appear to be making a double top with the right top lower than the left top... The indicator is based on a comparison of S&P earnings and dividends to short term and long term interest rates... The last three FED cuts has artificially buoyed this index upwards... It moves slower than some of the other indexes but is in the High Risk area and appears to be turning down... If S&P earnings drop this Qtr, it could also artificially move the index up a bit as the Interest rate portion of the algorithm will appear more favorable to the equity portion... Jim