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


To: HairBall who wrote (1956)12/15/1998 8:29:00 PM
From: Jon K.  Read Replies (4) | Respond to of 99985
 
LG,(or anyone who can help)

I have a few questions regarding today's market activity.

1) Someone mentioned this before but I was very curious that the tick was mostly down today yet DJI kept going up. It looks as if someone was intentionally buying only 30 DJ blue chips in order to boost the market artificially. Something's fishy... Any comments?

2) Looking at today's McClellan Oscillator,
decisionpoint.com
it reads -150; isn't this mean bear market climax? Yet market was very bullish today...???

3) How do you see tomorrow and this week? up or down? I gotta make some decisions early tomorrow.

Thanks,



To: HairBall who wrote (1956)12/16/1998 3:06:00 AM
From: Doug R  Read Replies (1) | Respond to of 99985
 
LG,

I'll leave the hour to hour/minute to minute/tick to tick/trin to trin stuff to those that feel they must trade it. Here's some overall chart stuff:

Message 6854014

With over 300 large cap cos. warning of earnings shortfalls, does GE's "in line" announcement warrant great optimism yet?
Doug R