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

To: Moominoid who wrote (11286)	4/16/1999 11:07:00 PM
From: Wildstar	Respond to of 99985

All, I've updated my charts on my website on market breadth: members.xoom.com The cumulative Adv-Dec line just went positive today, as you can see from the first chart. That has been a pretty reliable short term buy signal.

To: Moominoid who wrote (11286)	4/16/1999 11:21:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

Another example is October 1995: decisionpoint.com Some background: 1) Market leadership was techs, most pronounced in the semiconductors. 2) There was a July top in the market in which the Nasdaq corrected about 7%. 3) The market went on to make new highs in October with poor breadth. 4) Market indexes started decline while McClellan Oscillator made two rallies. Steel, truckers, and other cyclicals were rallying. The Nasdaq declined about 10%. The Dow and the S&P 500 had even smaller declines.