Subject: Re: Timing: recent highs
Given data has continued to fill in since then, do you think 99, 114, or some other number is best? I would guess that any number roughly in this range is within the error bars, but thought I'd ask.


I am not Jim, but here is how I interpret it. If there has been a recent high lately you can have confidence that the current bull-market is in tact. The longer we go without a new high the more likely we are not in a bull-market. 99 Days was a reasonably long enough period to break the trend, but the difference between 99 and 114 is just adding *slightly* more confidence to the indicator.

As Jim has pointed out many times, its "bull" or "not sure" (not a strong indicator of a bear).

tecmo
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