MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dennis michael patterson who wrote (36667)	1/4/2000 10:49:00 PM
From: bobby beara	Read Replies (2) of 99985

d, i haven't been posting any charts lately, but i could post a very nice minuette wave count into yesterday's high on the ndx as a wave 5 of 5 of 5 from the august 11th low. There are many ways to the count the ndx/nasdaq chart because the techs have been somewhat out of sync, with some bottoming in june and some bottoming in august. My belief is that this is a terminal wave 5 bull market peak, but as always you have to keep your options open and we could develop a flag over the next 4-6 weeks and rally into april. But the new era speak, the euphoric consumer confidence, the euphoric economist outlook, some rather staid analysts who are calling for another 50% rise in the nasdaq after it is already 4 standard deviations above 200 dma, nikkei 89, dow 1929 overbought standards. The dow/spx have similar chart patterns to the dow 1998 top, with downsloping three peak H&S formations and a false breakout to new highs (which got the last buyer to throw in the towel). crap even aRch crawford said today he was going to buy this dip, and i never ever hear him say buy only sell. b

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next