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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: keith massey who wrote (9632)	2/28/1999 1:05:00 AM
From: Richard Estes	Read Replies (1) \| Respond to of 12039

I might have this statement blow up in my face. But I see no value in A/D analysis. I have heard many logical arguments why they are no longer valid. I can not feed those arguments back, mind is getting old. But since I always saw it as a weak indicator, I said after reading "this sounds right to me". there should be many other measures that can be applied to market rather than NYSE adv/dec that are more telling. I like Dahl's primary trend. I even use # of new lows, >100 on NYSE amd >150 on naz as a measure, both remove the subjective nature of divergence.

To: keith massey who wrote (9632)	2/28/1999 11:17:00 AM
From: Gary H	Read Replies (1) \| Respond to of 12039

Keith, I've been watching the A/D for some time and when looking back at historical charts, it should be noticed that the present spread has not been this great since 1929.