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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

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To: Walt Deemer who wrote (33283)	11/13/1999 12:38:00 AM
From: Vitas	Read Replies (2) of 99985

Hi Walt, Now that I have had a chance to examine your chart I see that the initial warning given in 1986 was followed by the divergent lower peak in 1987 and led to trouble. The peak in 1995 was followed by a second peak over the threshold level, and then a third peak in October 1997, which led to trouble, and then another lower peak in April of 1998, which led to more trouble. Presumably the effect of that is over and we need to look for another peak over the threshold level, and then a secondary and perhaps tertiary lower peak after that? Vitas

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