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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 668.73

+1.5%

Nov 24 4:00 PM EST

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To: Stephen M. DeMoss who wrote (60084)	10/7/2000 7:10:02 PM
From: Les H	Read Replies (1) of 99985

This coming Friday is the 20-week low using May 26 as the base low for the SPX, Nasdaq, and Dow as a group. There's also a fibonacci low point for the Nasdaq due this coming week as found in the GET chart site. I think some other cycle guys are looking for this week also. I'll probably need to try out some other configurations for alternate scenarios. But right now, the 20-week scenario points to a good November then a poor December into early January. I'm registering a high number of lows in the database scan. Not quite as much as the Spring lows but it would only take a couple of bad days to reach those levels. I'm leaving it open to a series of two significant lows for October due to the mutual fund selling, not unlike March-April due to hedge fund selling.

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