Replies to post #4471 on MDA - Market Direction Analysis (MDA)

[positiontrader]

Augie,

I think we will bounce on Tuesday.I'm still in money markets for tomorrow.You may be right but I think we will go down 1 more day.

Regards

[hk2]

Of course I just finished creating it a few minutes ago.

Don't you know it, I've been worryin' these charts all evening looking for the Holy Grail {GGG}

I've gotten Excel to calculate multiple Stochastic values when I enter in the day's high/low/close.. then it averages all the values. The theory is similar to LG's MTF analysis. When the average of all the Stochastic periods reach some extreme, we should be due for a major turn.

Also looking for something to use as a "the intermidiate trend is up/down" indicator.

Looking at MTF, I'd say a little more down is in order ( although we may open up slightly) 30 min COMPX STO has a funny little "flatline" going. - must be dead{g}


Well Ive been naughty enough staying up so late when I've got to rise at 4:30am.

Night all.


Jim