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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: HairBall who wrote (25133)	9/8/1999 3:03:00 PM
From: Matthew L. Jones	Read Replies (2) of 99985

The whole area of DOW theory is based on the 100 years of data of the index and it is highly technical. While I would agree that F/A has very little bearing on very short term trading, T/A has much to do with all time frames of trading. I don't doubt that you have truly quoted some book or "expert", however, I would disagree with the validity and accuracy of the source. It is a basic premise of statistical analysis, that the larger the sample, the MORE valid the conclusions. Just my opinion. MLJ

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