MDA - Market Direction Analysis

[lee kramer]

As a day/swing trader I really care not a lot for major market moves, though I respect thoe who do and play the... hopefully profitably. For those traders it might make sense to look at weekly/monthly charts rather than just the daily. For myself, I see last October as a bottom: certainly a trading bottom and perhaps a major bottom. I'm not sure, but I'd rate the probability of a major bottom at 60-65%. We'll have to wait. The market, she doth speaketh.