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

To: HairBall who wrote (13972)	5/14/1999 3:53:00 PM
From: Compadre	Respond to of 99985

LG: Same to you. Regards, Jaime

To: HairBall who wrote (13972)	5/14/1999 4:01:00 PM
From: pater tenebrarum	Respond to of 99985

LG, i saw a little bit of accumulation in the internet issues i watch, shortly before the close. nothing terribly convincing though. a nice weekend to you too. regards, hb

To: HairBall who wrote (13972)	5/14/1999 8:05:00 PM
From: Monty Lenard	Read Replies (4) \| Respond to of 99985

Hi LG, I wanted to wait until I had some ammunition before I responded to your response to my post concerning the indexes being garbage. <g> Thursday IBM gave me that ammunition when it accounted for 93 of the 106 Dow points to the upside. VBG Now... I have been reviewing the adv dec volume in different time frames. Not looking at the charts but looking at the raw DATA based on % for 5/13 and today. Anyway, once we had the spike down at the open the percentage moved back up some and then flatlined the rest of the day (as if we did not see that in the charts on the stocks). The interesting thing is that it flatlined at around a 35% average negative volume ratio (adv vol / dec vol). What is interesting about that??? It tells me that really we never had any buying all day...in other words there was distribution all day long. The reason we saw it flat line after the initial rise IMHO is this...it was a coordinated sell off...no panic but solid distribution. Probably the very same money that carried it down bought enough to stop a panic sell off because they wanted the dipsters money....they did not want them running away...give them some hope so they keep buying the dips. Sorry but the accountant just comes out in me sometimes and I can't help but micro analyze the data and find the hidden conspiracy. :-) A Jim Hopkins Special!!! <g>