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


To: HighTech who wrote (1941)12/15/1998 8:31:00 PM
From: dennis michael patterson  Read Replies (1) | Respond to of 99985
 
I have the link, thanks. The question is whether the new h/l data has pedictive value. What do you think? The number of new lows at the bottom in October was huge!! So, should we hope for 400+ new lows? Of course not. But then, what? I suspect-- only a suspicion -- that h/l data is useless without a moving average or some other parabolic/oscillating reading. But that is merely a surmise.