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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.52-0.3%Jan 7 4:00 PM EST

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To: Arial who wrote (45187)4/13/2000 10:25:00 PM
From: Arial  Read Replies (1) of 99985
 
Trading day wave count. . . . .

Decent 63 day (13 weeks) DJIA cycle that may align with Prechter's wave count. (I don't subscribe to him, but someone posted his belief that we are in wave 3.)

7-20-99 - start of a-b-c correction - day 1
8-05-99 - bottom (13 days)
8-24-99 - top (13 days)
9-13-99 - top (13 days)
9-30-99 - bottom (13 days)
10-15-99 - end of wave (c) and wave 4 (total 63 days from 7-20)

10-18-99 - day 1 (beginning of wave 5)
12-03-99 - 34th day (spike to old high)
01-04-00 - 55th day (violent shakeout)
01-14-00 - 63rd day (wave 5 top)

03-13-00 - wave 1 bottom (39 days = .618 x 63)
04-04-00 - 55th day (shakeout city)
04-11-00 - end of wave 2? (60th day, but 21st day of rally}

63rd day is Monday - Black Monday or a short term bottom courtesy of the PPT team?

Regards
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