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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 691.72-0.1%Jan 16 4:00 PM EST

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To: dennis michael patterson who wrote (43480)3/17/2000 3:39:00 PM
From: Stcgg  Read Replies (1) of 99985
 
Nasdaq is Making a H&S Top..

My Preferred View -

It's completing a corrective Wave 2 in a New Bear Mkt for this Index, joining the others already there.. Wave 3 should form the right neckline (around 3500) - It's showing the same pattern as AOL did back @ $95 last December, before tumbling to $49.. Wave 4 will correct to the right shoulder then the April 15th tax sale will close the speculative season again till next Fall (unless we Crash)..

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