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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.70

+0.7%

Jan 5 4:00 PM EST

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To: Monty Lenard who wrote (10204)	4/7/1999 11:00:00 PM
From: bobby beara	of 99985

Monty, I'm going into L3's befuddled camp. I just re-looked at schwab's chart and it looks terminal. It had what looks like to me was an extended wave three. I can't believe this can go much higher. iqc.com It even ended with one of those wedges I've been describing, also I have been using the oex to draw the wedge, the spx has not violated the formation. The Dow had a failed H&S pattern in Jan, if you take the measure of that move from the 1/8 tops it measures around the 10169 area, which would line up the tops of November, Jan, March. b befuddled -g-

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