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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: Gary Wisdom who wrote (14116)	5/16/1999 9:46:00 PM
From: donald sew	Read Replies (1) of 99985

Gary, It doesnt mean much if the new lows reverse back, on the other hand if it worsen, it could mean alot. As I have always mentioned it requires confirmation. What I dont understand is that when the NEW LOWS got below 40, there were BULLs who made a big deal about it, so when it goes the other way does it mean anything. Frankly, I really dont buy the 40 number as the BULLs did previously, Im just pointing out how quickly it was able to reverse. I guess its OK for the BULLs to highlight it when it got below 40, but not OK for the other perspective when it gets above 40. I have also noticed that the bulls who mentioned that it improved to below 40, are not saying anything now when it got back above 40. Again, I dont really lived by that number 40, but many bulls did when it improved below 40. seeya

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