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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.97

+0.1%

Nov 7 4:00 PM EST

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To: bobby beara who wrote (8710)	3/22/1999 6:03:00 PM
From: donald sew	Read Replies (2) of 99985

Bobby, This may have already been mentioned. I heard a technical analyst on CNBC today say that a declining A/D could lead a big pullback as much as 16 months. He was asked if the A/D could improve, and he basicly stated that historically it has not corrected prior to correcting significantly first. I also believe that the condition to the current A/D was similar to 1929. If I misquoted please correct me, since my dog was going nuts at the time of that interview and I may have missed something. Can anyone confirm what this analyst was saying. seeya

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