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Strategies & Market Trends : MDA - Market Direction Analysis

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To: el paradisio who wrote (47656)	4/22/2000 2:40:00 AM
From: Andy H	Read Replies (1) of 99985

Assuming an A,B,C wave scenario, Wave A was around 1500 pts or so. Assuming Wave C = A, you subtract the 1500 pts the from 4446 top of Wave B and you come out around just under 3000 Using the intraday figures for wave A, 5132-3649, yields 1483 pts. Not sure what was the intraday high of Wave B, so I'm using the closing high of 4446.

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