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

To: HairBall who wrote (11566)	4/20/1999 11:51:00 AM
From: Stephen	Respond to of 99985

Intradays look fine .... interesting that there appears to be a considerable number of small program selling that kicks in each time the DJIA gets to 10,400 ...the signals are very confusing to me ... Regards Stephen

To: HairBall who wrote (11566)	4/20/1999 11:53:00 AM
From: James Strauss	Respond to of 99985

LG: The people who buy the dips (BTD) may get a rude awakening if the stocks continue to dip... Buying dips is a good approach in a rising sector... Dips occurring in a declining sector can become new overhead resistance points as the sector continues to sell off... Since the Machinery and Machine Tool sectors are now rising, the BTD approach should work there... Jim

To: HairBall who wrote (11566)	4/20/1999 12:36:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

LG, We may be getting the first hint that the market internals are deteriorating. I realise that some only look at absolute numbers, and the old saying that if new lows stay below 40 or what ever that number is. I feel that is an approached which which does not compensate for such a dynamic market which we are in. I prefer to examine the rate of change(delta factor), than deal with aboslute numbers. For example, yesterday the NEW HIGHS on the NYSE was at 169 and the NEW LOWS was only 33, thats a major impovement and if that continue over a period of time that would be a strong positive for the market. Of course we need confirmation. Right now the NEW HIGHs is only 25, and the NEW LOWS is at 26. If one just looks at absolute numbers the NEW LOWs are still below 40 or whatever that number is which is supposed to be a positive and that all that counts. So the shift from 169 NEW HIGHS yesterday to on 25, so far today, is disgarded? I believe that this is an early hint while those who look at absolute numbers would discount it? Of course it needs confirmation just as much as the absolute number approach needs confirmation. As for the NAS which is up 35 right now, the NEW HIGHs is only 19 and the NEW LOWs is at 65. Keep in mind the NEW HIGHs is about 3 times higher than the NEW HIGHs on a positive day. Yes Yes, I know we still need confirmation, but if that is not at least a hint that this indicator is deteriorating, please tell me what is. I fully realise that it is not a great approach to view the NEW HIGH/LOW indicator on a one day basis, but I recall how the bullish analysts made strong comments on how the NEW HIGHs were at 166 - dont they need confirmation also, or does that only apply for the bearish view? seeya

To: HairBall who wrote (11566)	4/20/1999 7:33:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

OT I am having quote feed problems and can't get my charts to update. My site will not get updated until Reuters decides to actually provide the service they are supposed to. To the poster that was havig problems with Waterhouse option quotes. We have been fighting them about this for as long as I can remember. I bet if the quote feeds went down for a large investing firm, they would have it fixed in seconds. This is ridiculous. Maybe we should start our own reliable service. Will update my charts whenever they decide they want us little people to know what happened today. Good Luck, Lee