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

To: briskit who wrote (13451)	5/10/1999 7:01:00 PM
From: Compadre	Read Replies (1) \| Respond to of 99985

Mike Douglas: <<Question re close above 2130. That extra 5 points gained to generate a buy signal occurred in the last five minutes of trading. What validity does that signify? It seems a weak signal to me BWDIK. Can it signify anything other than any 5 minute signal intraday? Does it gain significance because it is a closing figure? TIA>> To answer you question, you have to look at this in a statistical point of view. Then there is a significance weather it closes + 5 points or - 5 points. And Mike you have made me realize that I should not have come out with this information to the public. This is very dangerous if used improperly. Regards, Jaime