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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 668.73

+1.5%

Nov 24 4:00 PM EST

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To: pater tenebrarum who wrote (12049)	4/26/1999 4:13:00 PM
From: shasta23	Read Replies (1) of 99985

Heinz, you wrote ... "10-day MA of the OEX ratio at 1,80 is indeed the highest ever. what's more, this rarely occurs when the market is charging higher. research by bernie schaeffer shows this to be very bullish." ... ,which seems to me a contradiction:is it very bullish or rarely occuring when the market is charging higher? Maybe i just don't understand. Could you clarify please? Thanks in advance... Stefan

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