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

To: Monty Lenard who wrote (5726)	2/8/1999 4:14:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

Well Long the SPY and short the MDY equal $ and go about your other stuff and let the hedge make you a few bucks with out having to follow every move. After a big correction, ( 10-to 15% or more) and you see THEM BOTH going up leg out of the short. It's that simple, and that's why most people just won't do it, it's too easy. <G> But it works ! quicken.excite.com Jim PS quicken.excite.com

To: Monty Lenard who wrote (5726)	2/8/1999 9:44:00 PM
From: Vitas	Read Replies (4) \| Respond to of 99985

Weekly McClellan oscillator and summation, both ratio adjusted, charts are at The Donald site: cp-tel.net These are based on weekly a-d figures from Barron's, not compressed daily stats. The thing to notice is that after reaching a deeply oversold "4 year cycle" bottom in October, things were on track until recently. Unlike the 1990 and late 1994 bottoms, where the summation turned up and continued along without downticking, crossing the zero line with momentum, we have this time stalled at the zero line and have ticked back down below zero. The oscillator, unlike the prior situations, never reached the 60 area, which might indicate a thrust situation, and in fact has also ticked below the zero line. This is highly unusual coming off what should be a 4 year cycle bottom, and indicates a failure. A somewhat similar situation occurred in 1957; I will post the actual 1957 figures and the recent ones. Thanks for posting the charts Monty. Vitas