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

To: donald sew who wrote (8279)	3/16/1999 4:37:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 99985

Donald! You made my little PnF heart go pitter pat! You almost sound like one of us!!!! :-) Could the DOW head higher - YES, but SO WHAT, since the overall market is not regardless what all the bullish analysts say. Untill the market internals start improving dramatically and consistently, I just dont feel the market can go alot higher. YES, the DOW can go higher, but remember its only 5-10 DOW stocks - BIG DEAL, in light of there being thousands of stocks.

To: donald sew who wrote (8279)	3/16/1999 4:42:00 PM
From: yard_man	Respond to of 99985

Largest part of that drop will occur on Thursday as that is when I am travelling ... <g>

To: donald sew who wrote (8279)	3/16/1999 4:53:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 99985

donald, I sure like your early April as the top, that is also what the Turnips have been saying for some time. Their reasoning involved a convoluted argument including the Fiscal year end in Japan, and thus the discontinuation of the artificial support the Japanese markets are getting in the last two weeks (and will be getting for a little longer, but not much). "Spring Relapse" is near, I would say that running for the hills as a defensive measure is called for. Zeev

To: donald sew who wrote (8279)	3/16/1999 5:09:00 PM
From: Les H	Respond to of 99985

Granville was on Fox calling for 8000 by May 1. Dow is approaching the previous highs in the High Jump indicator seen in late November and early January, being about 1% away. The High Jump is merely the sum of the percentage difference of the closing price from its 17-day MA, 50-day MA, and 200-day MA; i.e., HJ = (close-MA17)/MA17 + (close-MA50)/MA50 + (close-MA200)/MA200 - 3.0. The current value is over 24%. The previous peaks in this run were 26%. The upper trading band for the 28-day EMA is at 10,060. This repelled the November and Janury peaks as well. This would move up somewhat in succeeding days.

To: donald sew who wrote (8279)	3/16/1999 5:19:00 PM
From: HairBall	Read Replies (5) \| Respond to of 99985

donald: Well, I guess I am going to stop posting an analysis until it changes. I have been posting basically the same analysis since late December early January. I suspect it has become boring, as it has elicited little if any response. BWDIK Regards, LG

To: donald sew who wrote (8279)	3/16/1999 5:35:00 PM
From: Copeland	Read Replies (2) \| Respond to of 99985

Donald, Max pain has been off as much as 30 on the OEX.

To: donald sew who wrote (8279)	3/16/1999 8:34:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

Don, I don't know about the historical accuracy etc and especially the that site's accuracy since I often come up with different numbers than he does. As of today's close using the old paper and pencil technique, I have the Max Pain point around 645 at first glance. 635 to 650 is the buffer area according to my read. Anything below 635 and the weighting shifts dramatically to the put side by about 5000 contracts. BWTHDIK, Lee