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 670.92

+0.1%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HairBall who wrote (60553)	10/13/2000 2:24:13 PM
From: Gary Burton	Read Replies (2) of 99985

my 2c---Naz Comp's drop in March/Apr was a 3 wave,in my view-and 70% of the 2100 pt drop was put in on the (a) part of the downwave--and the (b)retrace recaptured 56% of that drop--the drop this time has completed 5 waves down at this morning's low so that is likely the (a) part of the eventual abc drop from the Sept 1st peak (I ignore the Aug drop because the NDX put in a higher peak on Sept1 so the (b) on the Comp was likely Sept 1 as well---the same 56% retrace would count to 3730, so we could have awhile to go with this rally---after that the (c) part of the Fall drop will take over and we will likely drop to about 2600ish

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next