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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: John Pitera who wrote (2566)	12/22/1998 12:40:00 AM
From: Doug R	Read Replies (1) of 99985

John, The Nasdaq has negative breadth over 75% of the time. Smoot-Hawley initiated the crash in '29. There was no Nasdaq in '29. Major upturns in the market are ALWAYS led by major advances in the societal/technological interface. You acknowledged the internet phenomenon but ignore its implications. Citing something that has only happened once in history in correlation with just ONE piece of statistical data is more than just basically statistically insignificant. Have a nice 1999, IMO Doug R

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