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 672.04

-1.7%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pater tenebrarum who wrote (53321)	6/7/2000 9:23:00 PM
From: Stcgg	Read Replies (2) of 99985

Heinz.. Here's my read.. As for the Nasdaq, we're rising in a 5th wave now, which deletes the bear market case.. When you take the meteoric rise from the Oct98 lows to the Mar00 highs and see a wave 3 then a correction down to 3043 in Apr00, which bounced off the rising TL from Oct98, you can measure a current 5th in an existing Bull Mkt from the Apr00 lows.. I posted this observation on Apr 17th on this thread, that the correction was severe due to the excessive rise, but still a correction to that rise.. To substantiate the bull case, the wave up so far looks like an impulse, rather than corrective pattern.. As for Put/Call ratios, they don't seem to work anymore.. Eliades and Prechter should study new parameters for the new era.. -gg-

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next