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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: OX who wrote (44101)3/25/2000 3:26:00 PM
From: Dave Shares  Read Replies (1) of 99985
 
<<OT>>

OX,

fyi, DWA does not re-draw the BSLs as can be done as Tom Dorsey described in the chapter on commodities. It is optional to do so. I have found though, that redrawing the BSLs and BRLs is good, because it makes it more likely to get a signal that corresponds with a break in support/resistance and these I have seen will lead to strong moves.

David
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