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


To: Tunica Albuginea who wrote (70220)2/23/2001 10:44:57 AM
From: Les H  Respond to of 99985
 
As bad as things look, my database numbers were worse last April-May and in September 1998. Most recent 10-week cycle lows have been accompanies by lower lows on retest within two weeks. If that occurs in March, that's possibly a sign that the March rally may be a bear market rally. The start of capitulation in the safe harbor areas, BKX, NFA, DRG, HCX, HMO, and finance/homebuilders, should probably be the last shoe in this phase.