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


To: Haim R. Branisteanu who wrote (4094)1/15/1999 9:02:00 PM
From: Debra Orlow  Respond to of 99985
 
Fri new highs/lows

New Highs New Lows Advances Declines Unchanged

NYSE 43 21 2177 852 498
AMEX 15 8 353 210 174
NASDAQ 100 42 2630 1501 769



To: Haim R. Branisteanu who wrote (4094)1/15/1999 9:13:00 PM
From: Debra Orlow  Read Replies (2) | Respond to of 99985
 
The anticipated reversal - CD, LIZ VSH may break out based on OBV.

Haim, since I took a position in CD last week, and added on the dip the other day, I have been watching it very carefully. You could just "feel" the accumulation taking place the last few days. Tried desperately to get over resistance at 20 3/4 today, almost achieved it at the end. With the volume today, I think Tuesday might be interesting for CD.
I bought based on the nice 6-8 wk consolidation which was approaching the 50dma. These are usually good for at least a pop.
Debra