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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.47+0.6%Nov 28 4:00 PM EST

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To: bobby beara who wrote (4822)1/28/1999 12:08:00 PM
From: Arik T.G.   of 99985
 
BB,

>>from 10/8 bottom
Wave 3 began on 12/3
Wave 5 began on 1/13 panic bottom.

I agree, and since the 3 was smaller then the 1, the 5 should be smaller then the 3.
1 of 5 was 1/13
2 was 1/13-14
3 was 1/15-20
4 was 1/20-21 (overlapping and therefore 5 doesn't have to make new high).
5 started on 1/22
....1 of 5 on 1/22
....2 of 5 22-25/1
....3 of 5 25-27/1
....4 of 5 on 27/1
....5 of 5 should probably end today (1 was the morning gap, 2 was the correction until 10:55 am, we are now completing a 3 smaller then the 1) no higher then NDX 2090.

Buy NDX march puts today

JMO
ATG
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