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


To: Saulamanca who wrote (41287)2/24/2000 10:40:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
Jim Bryan: Ok, I spotted it, the theoretical low on 1/25/99. Gee, I figured it would be some kind of system or something...<g> The numbers Favors is using to proclaim the long running Dow Industrial Bull Market is over is just basic price action pivot points...

Regards,
LG



To: Saulamanca who wrote (41287)2/24/2000 10:51:00 PM
From: Gary Burton  Respond to of 99985
 
It's also approx 62% retracement of the rise from the 98 low to 11750--but I suspect you're right-taking out a prior year low would be counted as Very Bearish by many.