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


To: bobby beara who wrote (7947)3/10/1999 9:06:00 PM
From: Les H  Read Replies (2) | Respond to of 99985
 
"The summation is within a couple of days of crossing it's 20dma which has been an important crossover indicator of major sell or buy signals. We have a second trip across the zero line."

I had recently heard of the McClellan Summation index and 20-day moving average crossover also. Are there any charting sites that provide this? The Advance-Decline Oscillator (difference between 13-day EMA and 39-day EMA of A-D line), which is similar to Summation index, turned positive Friday.



To: bobby beara who wrote (7947)3/10/1999 9:42:00 PM
From: James Strauss  Read Replies (1) | Respond to of 99985
 
Bobby:

Very revealing McClellan Oscillator chart...

The number of stocks above their 40 day MA has climbed over 40%... The number of stocks above their 200 day MA has climbed above 34%... VIX is under 30%... These are all conducive to rising markets... So, for at lest the short term, we should see more upside...

The oil services sector is exhibiting the best relative strength... Stocks like RDC and GLM have strong relative strength patterns...

Jim