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

To: Gary Wisdom who wrote (14116)	5/16/1999 9:46:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Gary, It doesnt mean much if the new lows reverse back, on the other hand if it worsen, it could mean alot. As I have always mentioned it requires confirmation. What I dont understand is that when the NEW LOWS got below 40, there were BULLs who made a big deal about it, so when it goes the other way does it mean anything. Frankly, I really dont buy the 40 number as the BULLs did previously, Im just pointing out how quickly it was able to reverse. I guess its OK for the BULLs to highlight it when it got below 40, but not OK for the other perspective when it gets above 40. I have also noticed that the bulls who mentioned that it improved to below 40, are not saying anything now when it got back above 40. Again, I dont really lived by that number 40, but many bulls did when it improved below 40. seeya

To: Gary Wisdom who wrote (14116)	5/16/1999 9:50:00 PM
From: J. P.	Read Replies (2) \| Respond to of 99985

new highs/new lows is not going to play that big role in a decision making process to buy or sell IMO. Why would anybody spend the money on manipulating a basket of stocks to effect an indicator which is only one small piece of the decision making puzzle? BTW, I am a fan of some conspiracy theories, however. (Conspiracy meaning closed door sessions where powerful people attempt to manipulated the market). For example, it's my pet theory that the Fed is under the thumb of Clinton to prop up the market no matter what the price. The reason being that the good economy is the only reason Clinton's popularity ratings don't fall to zero! Best of luck to you!