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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 677.58+0.3%Nov 5 4:00 PM EST

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To: SBerglowe who wrote (40938)2/22/2000 6:53:00 PM
From: Gary Burton  Read Replies (1) of 99985
 
Favors was looking for the DJ to bottom this week about 10,100ish and said it had better not print below 9976 or the Bull Mkt in NYSE stocks is over--we shall see.--- Prechter says 9976 print will likely fall since the retrace from 11750 was so deep (greater than 78.6% which is the max he's willing to give the benefit of the doubt to). In my view, we will print below today's low later this week--the question is what happens after that.
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