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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Haim R. Branisteanu who wrote (31866)	10/29/1999 6:40:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

Haim, i know...but in July it kept being at that low level until expiration. one aspect of the rally is that it has engendered a lot of conviction rather quickly...and looking at the Dow, the correction from the August high was clearly a five wave structure...the rally from the October low so far looks to be a three wave structure, which would mean it was just a corrective wave 2 A-B-C rally if it is aborted soon. if so, we'd be in for wave 3 down, which is the biggest part of a decline. however, that's just looking at the Dow, and the Dow will be different from Monday... the NAZ seems to be in blow-off mode - who knows how far it can go... regards, hb

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