MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

4:00 PM EST

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To: HairBall who wrote (47645)	4/23/2000 1:36:00 AM
From: David Lee Smith	Read Replies (1) of 99985

The MomentuMonkey model changes its target daily to respond to market conditions. It seeks to give investors a since of market risk. It has both elements of value and technical momentum. When momentum improves, the price target increases...when momentum declines, the target decreases. In addition, every quarter when all earnings are released, the model will change its target. Not a prophesy, just a tool. I have found that when the Monkey shows a target 15% or more below the current market level, we see a sharp and steep correction. Currently the model at -14.7% is almost there!! Before last week's crash it flashed a +15% type of reading. Should the model turn positive, I would expect the market to be much cheaper than it is today. go.to

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