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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST
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To: bearshark who wrote (39790)2/11/2000 2:36:00 PM
From: donald sew  Read Replies (1) of 99985
 
Bearshark,

>>>>> It seems to me that the dome already ducked under the three peaks. This must be the submarine play. <<<<

I had a long discussion with LEE on the subject of the DOME in the "3 PEAKS & DOME". My belief was that the DOME may have already been achieve, in that it was a STEALTH DOME. It may sound ridiculous, but lets look at it from an averaging perspective, between the DOW and the NAZ. The last rally started OCT and at that time the RATIO between the DOW to NAZ was about 4:1(DOW was at 10,000 and NAZ around 2600). If you averaged the rise between the NAZ and DOW from the OCT LOWS, that average would have been around 14,000 DOW points.

NAZ - rose about 1600 NAZ points times 4 = 6400 DOW POINTS
DOW - rose about 1700
(6400+1700)/2 + 10000 = 14,050

Of course as the NAZ rose more than the DOW, the ratio between the DOW:NAZ would decrease from 4 to below 3, so the above was just to paint a picture and not totally accurate.

So thats my arguement that the DOME on the "3PEAKS & DOME" may have arrived in mid JAN when the DOW hit 11,700 and the NAZ hit 4300.

Hope that makes some sense. If you look at the SPX, one could argue that the 3 PEAK & DOME was formed.

seeya
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