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

To: John Pitera who wrote (2566)12/22/1998 12:40:00 AM
From: Doug R  Read Replies (1) | Respond to of 99985
 
John,

The Nasdaq has negative breadth over 75% of the time.
Smoot-Hawley initiated the crash in '29. There was no Nasdaq in '29.
Major upturns in the market are ALWAYS led by major advances in the societal/technological interface. You acknowledged the internet phenomenon but ignore its implications.
Citing something that has only happened once in history in correlation with just ONE piece of statistical data is more than just basically statistically insignificant.

Have a nice 1999,
IMO
Doug R



To: John Pitera who wrote (2566)12/22/1998 7:59:00 AM
From: Moominoid  Read Replies (3) | Respond to of 99985
 
Can you explain the CI-NCI ratio please. As there wasn't an S&P 500 in 1929 presumably how is he reconstructing that. Or is he really referring to the Dow.

David


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