MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: J. P. who wrote (9597)	3/31/1999 7:07:00 PM
From: Terry Whitman	Read Replies (2) of 99985

JP- That sounds alot like the ole THDMAPFP (200 day ma plus 15%)Indicator that I formulated about a year or so ago. So don't tread on my turf man. <g> This last rally shot the hell out of the +15% caution indicator. I believe we may have gotten above 30% over back at the Feb top. Currently, I believe the NAZ is about 25% over. This extreme overvaluation, combined with what some Sober analysts are calling the ugliest warnings season in the last 20 years, and the 9 month cycle top- could combine to give us a doozy of a correction. If it happens quickly, we may see something like last summer, where the index didn't end up bottoming til 15% BELOW the 200dma. BWDIK, TW

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