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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: Walt Deemer who wrote (33283)	11/12/1999 9:55:00 AM
From: HairBall	Read Replies (2) of 99985

Walt Deemer: I looked at the chart your linked and it seem to me to miss most of the drops. Last year's drop and was not in the warning area nor was a warning given before the 1987 drop. In 86, 91 and 95 it went to its highest levels, these all proceeded bull runs. No offense, I fail to see the topping predictive value of this indicator. What am I missing? Regards, LG

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