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


To: Les H who wrote (49358)5/4/2000 4:55:00 PM
From: OldAIMGuy  Respond to of 99985
 
Hi Les, Yes, the relatively low Value Line P/E comes from their weekly posting of the geometric. The long term correlation of that P/E plus a 52 week treasury rate with the market's direction has been very good ever since I started keeping the data.

Of the four components it probably has the best total correlation, all times but this last high risk period. Really only two of the components recognized this bubble.

Best regards, Tom