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Strategies & Market Trends : Maximum Investing
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To: Howard Bennett who wrote (52)11/16/2002 4:36:26 AM
From: Robert Scott   of 81
 
You miss my point. If the indicator is bullish when the market rises and bearish when the market drops, then it just mirrors the market and doesn't signal anything. In other words, it would mostly read bullish in a bull market and it would be right, and mostly bearish in a bear market and it would be right. So if the market is rising, that's bearish or if the market is falling, that's bullish. Ask how many people have tried to catch a falling knife in this market and you'll understand what I mean. At best it is a trading vehicle, not something that is useful over time in my opinion.
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