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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.83+0.3%Dec 3 4:00 PM EST

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To: John T. who wrote (56637)7/15/2000 2:12:51 PM
From: Saulamanca  Read Replies (1) of 99985
 
John, Nice charts. I don`t know anything about e-waves so I don`t use them, but it`s good to hear your opinions.

Looking at the weekly NAZ chart it`s hard to believe after powering through the middle B-band on increasing volume with some indicators flashing buy, we would get any more than a Walter Payton stutter step here.

It`s looking similar to the set up coming off the bottom in 1998.
stockcharts.com[PD20,2!F][VC60][ILB14!LL14!LD20]

Regards,

Jim
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