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


To: HairBall who wrote (14123)5/17/1999 1:51:00 AM
From: Smooth Drive  Read Replies (1) | Respond to of 99985
 
Hello LG,

Yes, thank you for that.

The NYSE Composite closed at 638.45 and the NAZ at 2527.86 -- so an average of those two is 1583.15, and that appears close to what your chart is depicting. Is that approximately how you arrive at your composite?

I guess a composite of those two would be a good one to use. I'll create a chart of those on a 200 DMA with the confirming one being the DJ Composite and then check them against Fabian's buy/sell signals.

Thanks and take care,

Eric