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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.76-1.1%Dec 12 4:00 PM EST
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To: bobby beara who wrote (71610)3/10/2001 12:11:22 AM
From: Zeev Hed   of 99985
 
Bobby, what you describe (a long stretch of more than 7 trading days of lower lows (and tic in excess of -1000) is critical of a major bottom (Late last May, was a pretty good bottom and it had seven such days), I do not think we are at such a turning point yet, thus two to four days like you describe might suffice, but the bounce will be only temporary.

Zeev
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