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

To: donald sew who wrote (2594)	12/22/1998 10:38:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

donald: However, would that change my position that a negative TICK while the DOW is up strong and the up-volume is up implies that the bigger boys are buying and the smaller ones are selling. Im confused now. It could imply that, but what it is most likely happening is that that the stocks that are up in an Index as opposed to the ones that are down is: 1) Up stocks carry a heavier weighting in the Index 2) Up stocks are having larger magnitude moves compared to the down stocks 3) Both One could draw several conclusions to this action! It can easily mislead the public... EDIT: The reverse can be true as well for a down Index and a positive tick. Volume is relative only if you can isolate the individual issues and draw conslusions. Big task... BWDIK Regards, LG