MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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4:00 PM EST

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To: bobby beara who wrote (48429)	4/27/2000 7:55:00 PM
From: yu	Read Replies (1) of 99985

b, Is it possible that we are in wave 4 on NDX? wave 1 started 3/27 ended 4/4 wave 2 started 4/4 ended 4/10 wave 3 started 4/10 ended 4/17 wave 4 started 4/17 and ongoing since wave 2 was clean, that means wave 4 should be a complex one. The ongoing triangle seems to fit that. One thing I am not sure is whether the high of wave 4 can go higher than the low of wave 2? If not, then the above is wrong. Today's rally in the face of bad news makes it more like the start a uptrend. That means it could have been an ABC correction ended on 4/17. That would make todays rally the start of 3? I have never done this (at least not in public) ;-), so please be gentle in your reply. yu

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