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

To: HairBall who wrote (8372)	3/17/1999 9:50:00 AM
From: Les H	Read Replies (1) \| Respond to of 99985

Advance-Decline for foot soldiers (broad market): Percentage of stocks that are up in the respective time period Mar 15 Jan 6 1-week (5-days) 45.3% 74.3% 1-month (21 days) 44.5% 68.1% 1-quarter (63 days) 42.3% 81.3% 1-year (52-weeks) 30.4% 49.1% The Advance-Decline percentages and percentages above the moving averages (10-, 21-, 50-, and 200-days) are in the 70 and 80 percentiles for the Dow and S&P 100 stocks. The percentage of stocks above moving averages for the broad market are at: 10-day 51.4% 21-day 49.3% 50-day 36.5% 200-day 39.4% Usually, the shorter-term 21-day MA percentage peaks in the 60-70 percentile so there may be further upside. The percentages for the 50-day and the 200-day moving averages crossed over to the downside in February 8 confirming a correction. It still hasn't signalled a recovery in the market.