MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

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To: dennis michael patterson who wrote (10302)	4/8/1999 3:07:00 PM
From: Elroy Jetson	Read Replies (2) of 99985

I took that line from Jerry Favors last Fall. When the Bradley changes direction in an up market it predicts the market will go down... except when it goes up, and then Favors called it an inverse-Bradley which predicted an even greater move up than what preceded it.

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