Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: OX who wrote (68794)	2/9/2001 11:56:13 AM
From: Les H	Read Replies (1) \| Respond to of 99985

I would expect a low two weeks on either side of the end date, probably one next week and perhaps one in early March, as part of a multiple bottom formation. The dates are fixed to the anchor of last May's bottom when all the major indices, Dow, S&P, and Nasdaq, bottomed. It worked out well to project to the October and December lows. I think Decision Point has changed their anchor date to December 20 as well. They previously had November 30 or so. The high or low is just to indicate an extension from the previous period's close to see how high or low it may go to indicate level of risk. There are probably better ways than to anchor that to the close, since they don't always close on the exact low or high. Where the market is in relation to the cyclic points will often indicate whether one should focus on the buy or sell signals. Red periods tend to have weak response to buy signals. If the dates are well off, I will have to readjust based on all of the above indices.