MDA - Market Direction Analysis

[LG]

ajtj99: Remember when I was cautioning you about absolutes with regards to technical analysis and you replied with the following quip...

"it doesn't take a genius or software to know that when we get major lows on major indices, the following happens:

The Dow and SPX bust through their daily Bollinger Bands and reverse. By bust through, I mean breach in a big way.

The NDX and COMP both breach their respective Bollinger Bands."

I would call your attention to the Bollinger Bands for the October lows...

Of course, if you agree with my read that we saw the momentum lows in July followed by price lows in October from the test of the July lows, you can retain your theory, for now...gg

Regards,
LG