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

To: Rob S. who wrote (12413)	4/29/1999 1:48:00 PM
From: pater tenebrarum	Respond to of 99985

Rob, glad to have been of service. regards, hb

To: Rob S. who wrote (12413)	4/29/1999 9:19:00 PM
From: Gersh Avery	Respond to of 99985

Hi Rob Taken from my S&P chart for today: ********************** The slope of the 16day SMA turned south today. The S&P seems to have been contained between the upper time of the "flatter" sloped fork and the 16day SMA. The mid tine of this fork will probably serve as support if the 16day fails on 4/30. Data for 4/30/99 16 day SMA 1339.04 (-3.81 )DJIA equ: 10847.51 (-30.86 ) Prior SPX close: 20 day SMA 1335.13 (-7.72 ) 10815.8 (-62.57 ) 1,342.85 36 day SMA 1318.78 (-24.07 ) 10683.35 (-195.02 ) Prior DJIA close: 50 day SMA 1299.46 (-43.39 ) 10526.83 (-351.54 ) 10,878.37 Large fork tines: rough DJIA equivalents: Upper : 1414.57 (71.72) 11459.38 (581.01) Mid : 1370.03 (27.18) 11098.53 (220.16) Lower : 1325.48 (-17.37) 10737.67 (-140.7) Small fork tines: Upper : 1364.32 (21.47) 11052.33 (173.96) Mid : 1328.75 (-14.1) 10764.17 (-114.2) Lower : 1293.18 (-49.67) 10476 (-402.37) Globex opening trigger values: Buy trigger : 457 (1352.07) Sell trigger : -29 (1347.21) Prem values for the day: buy trigger 9.22 fair value 6.76 sell trigger 4.36 program trade values derived from data at: programtrading.com ****************** Just one of the contributors on the MDA chart web site. Gersh