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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 685.66+0.2%Dec 5 4:00 PM EST
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To: Stcgg who wrote (60058)10/7/2000 3:26:38 PM
From: ahhaha   of 99985
 
Small point: The NAZ has never seen a bear market. The last bear market went from Dec '68 to Aug '82. The NAZ is a more recent creation. We used to refer to it as the "OTC", over-the-counter, and was pretty much that until it was formalized in the late '80s. The OTC didn't get a significant tech move until '83 on the heels of the FED driven massive short covering move of '82. I seem to recall that the internal DOW peak occurred on Christmas Eve '68.

ps. nice chart and may be quite accurate given the psychology developing here.
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