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

To: James Strauss who wrote (11275)	4/16/1999 9:33:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Jim, >>>>> Corrections are necessary in a healthy Bull market... But, I don't think we'll see it now when the A/D line and New Lows are improving... decisionpoint.com decisionpoint.com Add to this the march of the Transports towards a new high Dow Theory confirmation, and you have a greater probability of a market advance than a correction at this time... decisionpoint.com <<<<< Firstly, a correction to me is 5%-10%. I checked about 50 years of data on the advance/decline and I could not find any firm evidence that a correction could not happen with the A/D improving. When I have the chance I will check the NEW HIGHs/LOWs for about 50 years. Beyond 50 years my eyes start to get slanted. ggggggggg Did you check previous years and if you did can you give me a specific time so I can check. thanks, seeya

To: James Strauss who wrote (11275)	4/16/1999 9:44:00 PM
From: Casaubon	Respond to of 99985

when I look at the chart of NHNL, I see something which could portend bearishness. If you look at the AUC (area under the curve), of the new high chart, what you see are growing "waves" (larger and larger AUC) until 3/98; that was the bull market. Then, a minima occurred around 8/98, and the new low AUC had a corresponding maxima; the initiation of the bear market. Since then, the "waves" of new highs have been fairly subdued relative to the earlier bull market, as evidenced by the greatly subdued AUC, and simultaneously, the AUC of the new low waves has been increasing, in both size and frequency. So that, the "waves" of new lows had maximas at 12/98, 2/99, and 3/99 (approximately speaking). In other words, the bearish sentiment is building up momentum with each wave, from the initial bear pulse which occurred at the 8/98 reversal.

To: James Strauss who wrote (11275)	4/17/1999 2:22:00 AM
From: Jenna	Read Replies (1) \| Respond to of 99985

Hello thread.. I just wanted to say how much easier this thread has made my own life on my thread and I'm always sending everyone over here for general market analysis. I'd like to link your website to the Market Gems website and I don't need a reciprocal arrangement since my service is not free but I think our site needs your site for its educational value. I don't know all you yet but I will be reading your articles. Donald, I like your guitar theory and have read a few days of your analyses. Good work, but then I've told you that numerous times already. May I suggest you have someone with articles on breakouts from triangles, head & shoulders reversals etc. I like to read about that myself and not from books but real hands-on applications. Having such a high quality thread gives needed high status and legitimization to 'message boards' which have been a little too maligned of late.