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Strategies & Market Trends : MDA - Market Direction Analysis

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Jan 26 4:00 PM EST

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To: bobby beara who wrote (43064)	3/14/2000 11:07:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

Bobby, i trust you have been following the debate among e-wavers on LW, Dhruv Sheth and David Bensimon. one says the whole NAZ bull market has now ended in a fifth wave top, the other says we only saw the top of wave 3 (from the Oct. '98 low). if the second interpretation is correct, a pretty sharp and deep wave 4 correction should be followed by one more rally (wave 5) to a new high, perhaps only a marginal new high. somehow i can't bring myself to accept the wave 3 top view, because the rest of the market is so weak already and speculation in BB stocks has become so heated, but one has to keep an open mind. what do you think? regards, hb

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