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

To: Vitas who wrote (15697)	6/3/1999 5:38:00 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 99985

I agree... the immediate trend is probably up due to an oversold condition and positive chart patterns, but I'm also waiting for the other shoe to drop early next week... if it doesn't hold here..... GZ

To: Vitas who wrote (15697)	6/4/1999 12:56:00 PM
From: Chip McVickar	Read Replies (2) \| Respond to of 99985

Vitas, I've just read your post to GZ on A/D 25 day sum I've added another indicator to this summation taken from Al Gietzen's book "Advanced Cycle Trading" publisher Irwin 1995. He uses 30 days, but what I'm about to describe is also working for 25 days. He has quite a number of well worked out adaptions to summation patterns.....this is only one. Over Bought/Over Sold Indicator OB/OS = Total Daily Advances ÷ Total Daily Decliners A reading of 0.84 = oversold A reading of 1.00 = transition A reading of 1.20 = overbought It is also a good indicator of trend 1.00 being the pivot. Not apart of the book..... I'm started dividing the Daily Adv by decl and results are interesting. Although this produces wider swings it clarifies each days ob/os conditions and projects a trend....also the 1.00 pivot continues to work. Try it Out BTW...I'm puzzled by your 25d sumation numbers....are you using NYSE data? I use 3 public sources and mix them randomly, none are ever the same. My June 2nd is -1846 Chip