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

To: HairBall who wrote (2287)12/18/1998 3:24:00 PM
From: StockOperator  Respond to of 99985
 
LG, You're right, but considering the market had risen almost 2,000 pts in only two months time, a correction here was only warranted. The amazing thing here has been the NASDAQ which today is breaking out into unknown territory, which has experienced almost no correction at all. I do believe that for this rally to have legs we need broad market participation from all the indices that carries into next week. The NASDAQ alone cannot propel to new heights while the other averages languish behind. Which I believe we're beginning to see now.

As you say, time will tell. I'll be watching the chart patterns for signs of weakness. Good luck trading.

StockOperator



To: HairBall who wrote (2287)12/18/1998 8:36:00 PM
From: Monty Lenard  Respond to of 99985
 
LG, Update on scans.

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%
12/09/98 37.0% 41.0% 29.0% 35.3% 37.8% 23.8%
12/10/98 28.9% 33.3% 26.9% 31.0% 34.7% 23.1%
12/11/98 28.8% 30.7% 26.4% 30.9% 33.5% 23.1%
12/14/98 20.8% 24.2% 24.4% 24.1% 27.4% 21.0%
12/15/98 25.3% 25.8% 25.6% 26.8% 28.3% 21.3%
12/16/98 29.3% 27.6% 25.7% 27.3% 28.3% 21.5%
12/17/98 35.5% 31.3% 27.0% 30.7% 29.5% 22.1%
12/18/98 38.7% 33.6% 27.7% 35.5% 32.3% 23.3%

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%
12/09/98 64.0% 66.0% 65.0% 38.0% 47.0% 52.0%
12/10/98 49.0% 57.0% 60.0% 27.0% 33.0% 47.0%
12/11/98 56.0% 56.0% 62.0% 27.0% 27.0% 45.0%
12/14/98 29.0% 37.0% 54.0% 17.0% 17.0% 42.0%
12/15/98 46.0% 49.0% 56.0% 29.0% 22.0% 46.0%
12/16/98 39.0% 39.0% 56.0% 37.0% 24.0% 43.0%
12/17/98 55.0% 58.0% 60.0% 53.0% 41.0% 49.0%
12/18/98 56.0% 60.0% 60.0% 59.0% 46.0% 51.0%

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%
12/09/98 49.8% 51.3% 41.0% 43.4% 50.8% 48.8%
12/10/98 33.3% 40.8% 37.5% 31.0% 36.0% 44.2%
12/11/98 33.0% 36.0% 37.0% 31.4% 33.6% 43.0%
12/14/98 20.3% 26.0% 34.3% 19.2% 22.6% 39.8%
12/15/98 25.5% 29.3% 36.0% 30.0% 28.0% 43.0%
12/16/98 29.0% 32.0% 35.3% 31.8% 29.8% 41.6%
12/17/98 41.8% 39.0% 38.8% 47.6% 41.4% 45.8%
12/18/98 39.5% 36.3% 37.5% 50.2% 43.4% 46.4%

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%
12/09/98 45.2% 50.3% 35.2% 43.4% 47.8% 30.8%
12/10/98 35.0% 42.5% 33.2% 36.0% 42.3% 29.4%
12/11/98 33.0% 40.3% 32.0% 33.9% 40.1% 28.5%
12/14/98 23.8% 31.3% 28.8% 22.3% 29.7% 26.3%
12/15/98 25.2% 30.2% 30.5% 25.6% 29.3% 27.4%
12/16/98 27.5% 27.7% 29.8% 28.9% 30.9% 26.9%
12/17/98 33.5% 32.0% 31.7% 34.6% 34.1% 28.1%
12/18/98 48.0% 38.5% 33.3% 40.9% 38.1% 29.1%

FWIW
Monty



To: HairBall who wrote (2287)12/18/1998 10:13:00 PM
From: Moominoid  Respond to of 99985
 
Market Edge-Second Opinion reading on SPY (which I assume would apply to SPX too):

COMMENT
Moving Average Convergence/Divergence (MACD) indicates a BULLISH TREND

Chart pattern indicates a POSSIBLE TREND REVERSAL

Relative Strength is NEUTRAL

Up/Down volume pattern indicates that the stock is under DISTRIBUTION

The 50 day MOVING AVERAGE is rising which is BULLISH

The 200 day MOVING AVERAGE is rising which is BULLISH
RECOMMENDATION

STOCK SHOWS MILDLY DETERIORATING CONDITIONS SCORE = -1

IF YOU ARE LONG HOLD CURRENT POSITION; DO NOT INITIATE NEW POSITION

STOCK IS NOT A SHORT SALE CANDIDATE


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