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

To: Daniel Joo who wrote (7674)	3/6/1999 8:49:00 PM
From: Wildstar	Respond to of 99985

All, I've updated the charts on my market breadth website: members.xoom.com I know there's a lot of optimism out there but I still remain very cautious. If you look back to my "fraction NH's" chart, you can see that back in July/Aug, when the DJIA made a new high, the 50 day MA fraction NH did not improve, and that was a bearish leading signal. Yesterday, in the midst of all the hoopla on CNBC, no one mentioned that the New Highs were only 83 and the New Lows were still 40. I think that if the New Lows were to exceed the New Highs during the next five trading days, that would be very bearish for the market.