MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: pater tenebrarum who wrote (29645)	10/14/1999 3:19:00 PM
From: j.o.	Read Replies (2) of 99985

Hi Heinz...speaking of short-term trading <g> Nice play just now on the S&P. Looking at a 10-minute chart I see 5 sub-waves up from the lows, followed by a BEAUTIFUL ABC correction. Super-quick reversal from the end of C just now, and we're possibly headed up for another 5 sub-waves up in wave 3. We're now at 1285 S&P cash, possibly in subwave 1 of 3. Looks up from here - Buy-the-Dippers should be out in force tomorrow. Reversal below our lows from today will have me cutting, and I might not get to post that...just a note. BWDIK! Happy trading, j.o. indextrade.com

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