MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: Benkea who wrote (27537)	9/27/1999 10:42:00 PM
From: Stephen M. DeMoss	Read Replies (3) of 99985

I'm not a chartist but I'd like you to look at the 2 year chart of the Nikkei. Looks like a big fat W from July 88 to April 99. Then it looks like its sprouting up, out, and sagging to the right. The W stands out like a sore thumb. The slope into the W and out of it is what intrigues me. Would a chartist suggest we have tripe topped and are enroute to 15,000, 14,000 or even 13,000 (all supports there), or would they suggest the W is pointing to new highs soon (ie. breakout). Thanks in advance! Steve D.

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