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

To: Lee Lichterman III who wrote (12209)	4/28/1999 12:45:00 PM
From: bearshark	Respond to of 99985

Help: Lee, I was just about to ask for some help but you seem to be noting what I think I saw. About an hour ago, I think I saw NYSE advances at about 1,400 and declines at about 1,100. Now it is 1,600 to 1,100. I think the NYSE volume difference was relatively the same earlier as it is now. If what I said is correct, then we are seeing the issues trying to lead the volume. In my opinion, that is little money trying to drag large money with it. Could anyone tell me how the issues and volume looked during the morning. I was not by my screen. Thanks.

To: Lee Lichterman III who wrote (12209)	4/28/1999 12:56:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

Lee, >>>> TRIN has just crossed over 1 which is bearish but TICK is skyrocketing which I recall is bullish........ Is this a flush out of weak shares where buying in is warrented or is this the last push up with the TICK before the real drop and a few stocks are just at the leading edge? <<<<<< I dont really follow the TRIN that much so I dont have a good opinion on that, but I do follow the TICK. I mainly look at the rate of change(DELTA FACTOR) rather than the number in absolute terms. I noticed earlier that in about 10 minutes the TICK jumped from 100 to 800, a very fast 700 point move. At the same time the DOW only moved about 20 points. So that implies that it took a bit of buying to move the DOW only 20 points. From my experience such quick moves in the tick can be bullish or even bearish,if there is no follow-thru. In this specific case there was follow-thru in just the DOW, since the TICK started declining but the DOW did not, so it is bullish for the DOW only at this time. With the TICK moving up so strongly, the NAZ moved only slightly to the upside, so for the NAZ its bearish or neutral. Hope I made some sense. seeya