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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.21+0.2%Jan 2 4:00 PM EST
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To: Stcgg who wrote (64309)12/15/2000 8:34:16 AM
From: el paradisio   of 99985
 
Stcgg...
if the bottom of wave C was 2523 and counter-trend rally was to 3029....the difference is 506 points.
After the counter-trend rally,the maximum retracement is 78.6%... or 398 points and here comes the number 2631 as a double bottom.
If the pullback will be only 61.8%.... or 314 points, we may get a double bottom at 2715....IMHO
Regards,
el
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