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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: GROUND ZERO™ who wrote (29539)	10/14/1999 7:13:00 AM
From: Stcgg	Read Replies (2) of 99985

Tired of Waiting for the BK.. Market will remain in a bearish trading range until some real capitulation takes place.. Ppl are still way too complacent, however some fear has entered the weak sectors.. Dow is definitely headed much lower, as it bounced off fibonacci resistance with a vengeance, displaying a clear impulse decline in wave 5 (alternate wave 3 of 3), so both are downward going forward to support @ 9687-9851 with the possibility of falling into the low 9100's (preferred BK area).. The NDX is in an impulse decline as well (wave 3 of 3).. Target 2168 in the futures, 2120.26 in the cash, 105 7/8 in the QQQ's.. Expecting bonds to fall hard toward 107.. Dollar with a downside target of 96.04 or lower.. S&P to 1229.60-1225.20.. Ho Ho Ho!

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