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

To: Debra Orlow who wrote (2698)	12/22/1998 9:57:00 PM
From: Slava Chechik	Read Replies (2) \| Respond to of 99985

Debra, market action reminds me July 98. Also look at NYSE Data Indices 09:45 10:00 11:00 12:00 13:00 14:00 15:00 Close Volume 40.69 79.04 209.29 306.00 377.15 449.25 544.61 682.91 Up Volume 19.10 29.03 80.10 132.00 163.19 202.91 235.18 301.88 Down Volume 17.28 43.90 113.35 157.00 197.67 225.59 280.94 338.86 Advancers 911 900 964 1070 1101 1173 1186 1241 Decliners 1131 1368 1643 1702 1733 1730 1774 1744 Tick -228 -440 -175 -174 -330 -117 -380 -178 Trin 0.73 0.99 0.83 0.75 0.77 0.75 0.80 0.80 Tick was negative, down volume outnumbered up volume, A/D negative. Trin was neutral to bullish. Looks like sellers outnumbered buyers. Market still may go up based on expectations of new 98-99 IRA money coming in. I'm waiting for more conformation on sell signals such as change of MACD and stochastic on weekly charts. Regards, Slava Chechik

To: Debra Orlow who wrote (2698)	12/22/1998 9:59:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Debra, thanks for your input. Your analysis supports my wave counts. I believe we are making a significant tradeable top in the next 2 trading days. Declines outnumbering advances big today while markets holding up. New Lows bleeding red. RUT can't take out 404, DJT can't take out 3100, record bullish sentiment, record bearish put/call ratios for a month. Winter solstice change. FOMC neutral Easy to be contrarian here. bb