MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

-1.7%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pater tenebrarum who wrote (49783)	5/8/2000 2:14:00 PM
From: jmootx	Read Replies (1) of 99985

Heinz The 1929 Dow and this years NASD continue to follow in trend. The percent retracement from bottom of Black Tuesday, 1929, to the first full rally peak was 38%. The ensuing decline off that peak brought the Dow retracement down to 16%. I have the recent NASD rally peak of 3982 as a 37% retracement. That would suggest by this opinion that 3500 would be challenged in this downtrend.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next