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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: pater tenebrarum who wrote (36748)1/5/2000 5:47:00 PM
From: bobby beara  Read Replies (1) of 99985
 
Heinz, the Hang Seng (flyer like nasdaq - up 70% for the year) has a very clean 5 wave count compleat from the 8/98 lows, as does nikkei, it looks to me that the CRB will break down out of the triangle and make a failed inverted H&S pattern and we will return to a deflationery environment soon. Has to be, the bearishness on bonds is thick.

Nasdaq 2000 and 3000 provided resistance for the daq, especially 2000. I believe that at minimum - 4000 area will provide stiff resistance for a couple of months.

Qcom has an interesting pattern, potential island developing.

b
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