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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 688.98

+0.5%

Jan 22 4:00 PM EST

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To: Lee Lichterman III who wrote (6715)	2/19/1999 6:12:00 PM
From: Sun Tzu	Read Replies (1) of 99985

I saw blurb about GAX on yahoo news but it is not something that I follow. One of my best indicators is a 4 week cumulative new high-new lows and right now it is saying "it's gonna fall it's gonna fall". Funny enough the dealer that I get this indicator from has a foot note on it that says this is essentially a useless indicator. I guess he just hasn't learned how to use it. Sorry for the whip saw. It always stings. Better luck next week. BTW, here is the summary of a discussion we had on risk premium over on AoI. It is not MDA related, but I think it is still good to know. Message 7919384 Sun Tzu, P.S. What is the average time frame you hold a trading position?

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