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


To: bearshark who wrote (9978)4/6/1999 1:43:00 PM
From: bearshark  Read Replies (1) | Respond to of 99985
 
Now for the INDU stocks. Since the end of last December for block trades, there were 50 positive days and 20 negative days. The net dollar volume was $10.9 billion on positive days and $3.2 billion on negative days.

The non-block trades had 42 positive days and 28 negative days on the INDU stocks. The net dollar amounts were $4.7 billion on positive days and $2.2 billion on the negative days.



To: bearshark who wrote (9978)4/6/1999 6:57:00 PM
From: bearshark  Respond to of 99985
 
For the SPX stocks, the following is the moneyflow for the same periods as those for the RUT and INDU in the two links below.

All data goes back to the end of December 1998. Non-block numbers were 30 days with positive moneyflow and 40 days with negative moneyflow. Net moneyflow on positive days was $9.2 billion and net moneyflow on negative days was $13.4 billion.

Block numbers are 36 days with positive moneyflow and 34 days with negative moneyflow. Net moneyflow on the positive days was $23.1 billion and net moneyflow on the negative days was $21.8 billion.

Over this period, the INDU was up 11.3%, SPX was up 9.7%, and RUT was up .5%. Taking a close look at the SPX numbers and it moved up with a negative moneyflow. My initial conclusion, is it shows that a minority of stocks were moving up in the SPX.

www3.techstocks.com

www3.techstocks.com