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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.07-1.7%4:00 PM EST

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To: donald sew who wrote (12814)5/4/1999 2:15:00 PM
From: bearshark  Read Replies (1) of 99985
 
Don: The 20 trading days is not exact by any means and several things could change. However, it is my estimation of the length of time that we can continue to expend energy on a good market without a decline. It measures limits of past intermediate moves within this overall bull market. We are still within the historic parameters of this bull market so more energy can be expended.

The decline could have started today because the market has travelled far enough already. However, I am hoping it reaches its historic limits so it is an obvious top. Now if we have a dull sideways market with little happening, then the time period could be extended.

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