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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: HairBall who wrote (24181)8/30/1999 9:14:00 PM
From: Matthew L. Jones  Read Replies (2) | Respond to of 99985
 
You are correct regarding the statistical basis of my studies being for a bull market only. The index is only 9 years old. I don't think the bull is dead yet. Just taking a breather. I think, however, that a study of the Dow going back to 1890s will come up with similar ratios between uptrends and downtrends (although extent numbers are different in absolute numbers, they are consistent comparatively). Matt