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Strategies & Market Trends : MDA - Market Direction Analysis

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Dec 11 4:00 PM EST

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To: Lee Lichterman III who wrote (32011)	10/31/1999 9:08:00 PM
From: Gary Burton	Read Replies (2) of 99985

L3--I must be slow tonight-- what was fair value on the futures at the close Fri? How much above FV are we on Globex now? ---Based on Elliott, my best guess this weekend has been that wave 3(iii)on the DJ might peak out close to 10,830 Monday am (that would be 1.618x the length of 3(i)) and just for fun I'd be interested on how close I am (vbg). Then we could drop say 150-200pts max before regrouping to end wave 3 at about 11000--with a 4 and 5 to come.

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