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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: Bull RidaH who wrote (33408)	11/14/1999 7:51:00 AM
From: donald sew	Read Replies (2) of 99985

Dave, >>>> The best wave read I see since the 10/18 low says we're on the verge of completing the first formidable degree wave up off the low, which would naturally be followed by a wave 2 correction. But this read has a break point close by, and that is 1400SPX. If we get through there, we may have some if not significantly more upside on Monday. If 1400 holds up, then we have to retrace at least 20% of this first wave up off the 1233 bottom... So minimum 1364 SPX as of now. <<<<< Dave the SPX closed at 1396 so the chances of 1400 being broken to the upside is quite likely since it is only 4 spx point, which is about 28 DOW points. I realise the spoos players look for that exact point, but to go without a buffer to nail a significant pivot point - I dont know about that. Keep in mind that the SPX has moved 170 points to the upside. What Im saying is that a reasonable break of 1400 may not negate that senerio you highlighted. What the heck is a 36.2 day cycle. gggggggg Whats ".2", why not just 36. How was that calculated/base on what. My system is not linear so I dont focus on exact price targets. Seeya

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