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Strategies & Market Trends : MDA - Market Direction Analysis

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Dec 31 4:00 PM EST

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To: Tom Pulley who wrote (83853)	6/1/2003 12:01:04 PM
From: Paul Shread	Read Replies (1) of 99985

Hi Tom, good to see you. I was wondering if you'd ever tested your indicators on those rare "overbought thrusts" that can begin a bull phase. The reason I ask is I was reading recently that short-term BPs have been this high only 8 previous times in the last 35 years (sorry, I can't find more specific info on which BP) - but half of those occasions were at the start of major bull moves - Sept. 1970, Feb. 1975, Sept. 1982 and early 1991 - that barely pulled back from those levels, if at all. Just a question, and I hope your system gets back on track again soon too! Paul

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