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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%4:00 PM EST

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To: OX who wrote (30705)10/20/1999 8:49:00 AM
From: donald sew  Read Replies (4) of 99985
 
OX,

The common rule of thumb is for the NEW LOWs to get below the 40-50 range. During the previous upswing the NEW LOWs improved to around the 130 range(eyeballing the chart), so my guess is that if the NEW LOWs better the 130 level that would be one hint from the NEW LOWs that things are improving, rather then waiting for the 40-50 range.

seeya
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