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

To: NickSE who wrote (40147)	2/13/2000 11:55:00 AM
From: Michael Watkins	Read Replies (2) \| Respond to of 99985

Nick, Thanks for the helpful links. I take it from this reading that PFers consider the NYA in a Bear Confirmed status and that any rally would be considered a Bear Correction? I probably am not using the right terms here, so let me put it in my own words, PFers may consider the NYA to be in a bear market already, and will trade to the long side with a defensive bias as buy signals are given. It will be some time before a Bull Market signal is given again. Let me also guess at something, PF with its longer time frames seeks to take the emotion out of trading; and this is not a slight against you OJ!!! ;) but it would be premature to make a call for new Bull markets on the NYA based on the available PF evidence? Thanks Nick/OJ! (OJ - I think your tremendous optimism is terrific, but I think when it comes to actual trading we are more alike, trust our charts despite what our mind says)