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

To: bearshark who wrote (16052)	6/4/1999 10:09:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 99985

Bearshark....Mr. Chipper..said today..ask Bearshark..about the NAZ chart he showed to me.... i said it was a head an shoulders chart with a breakout to the upside??? could you give me.. a read...i do own some NAZ stocks<g>...bought a few today for fun and excitment..was bored all day till about 3.30ish>>>???? the fundies dove in with BOTH feet and gobbled up quietly all the shares of the net nuts they could steal....

To: bearshark who wrote (16052)	6/5/1999 12:44:00 AM
From: Chip McVickar	Read Replies (2) \| Respond to of 99985

Bearshark, It was after one of our your posts that I began looking at volume. I now track it on an interday basis looking for confirmations of movements in and out of the advancing and declining shares. Many times a market is going in the opposite direction of volume and then the market will abruptly flip towards the volume direction. I'm not very good at it yet, but better then I was. I've been reading Richard Arms on Equivolume charting, Volume Weigthed Moving Averages and Volume Cyclicacity. Have you looked at his work? It's hard when trying to keep it simple! Thank You for your thoughts on the Nas H&S... I was not sure but thought it a little ragged. Right at the top of the May peak in the SPX we had a weekly reversal...which I was pleased to catch. Also the back to back inside days on the SPX May 28/June 1...just before this last rally. Have A Good Weekend My Best Chip