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

To: HairBall who wrote (25254)	9/8/1999 3:49:00 PM
From: Matthew L. Jones	Read Replies (2) \| Respond to of 99985

You are correct. I just went back and calculated. To recover to their previous highs required a 30% gain in the NYA, a 49% gain in the COMPX and a 61% gain in the RUT. I was going from memory having sent the info out in a client letter (and of course putting the best spin possible on it <ggg>). I was calculating off the bottom to show a bigger drawdown. I just went and recalculated and your numbers are correct. Either way, while it may not be a "bear" it certainly bit hard enough. I stand corrected. MLJ