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

To: Smooth Drive who wrote (8638)	3/21/1999 10:34:00 PM
From: Vitas	Respond to of 99985

Hi Eric, I first started studying this concept somewhere around 93-94, when IBD published a "Ticker Tape Analysis" every day I found a flaw in their data, where it could not be possible that a stock had positive IMF that day based on the data reported. I expected a lifetime subscription to IBD, but HA, HA, HA. I was really ticked off, (pardon the pun) when IBD stopped publishing those figures. I went and bought TS and downloaded their tick files every day and have gone through a process of studying these figures very closely for the last few years. I think there is major merit to this type of analysis. However, based on the studies that I have done, trying to amalgamate an opinion on what the "market" is going to do is fruitless. Now, I don't have data back from '87 or whatever, but I think that the key is that when you have a buy signal from other methods, intraday tick flow analysis is very important in terms of what stocks to get involved with. Thanks for the great posts on Birinyi. He's a nut, apparently. Vitas