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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.44

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Dec 19 4:00 PM EST

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To: John Madarasz who wrote (33387)	11/13/1999 11:20:00 PM
From: Fun-da-Mental#1	Read Replies (1) of 99985

Dwight, I think that list of Santa rallies from Decisionpoint is a bit misleading from a statistical point of view, since it's not based on a constant time period. Rather they take the best time period within a 3-month window of Nov 1 to Jan 31. For example for 81-82, they say the market went up 2.20% between Nov 18 and Dec 4. Presumably that implies that in no time period between Nov 1 81 and Jan 31 82 did the market increase MORE than 2.20%. Therefore it must have been in a downtrend over that period! Who was it said "there are lies, damn lies, and statistics"? Fun-da-Mental

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