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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 677.58+0.3%Nov 5 4:00 PM EST
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To: Gary Burton who wrote (60594)10/14/2000 2:43:04 AM
From: IndexTrader  Read Replies (2) of 99985
 
Gary, Good point about the Naz not qualifying as a flat, since B did not retrace 61.8% of A. Came pretty close, though, and S&P and NDX were OK. Nasdaq is always the naughty one.

It does not qualify as a zig zag either, because the October low would have had to go below the May low for that to occur. We shall see if Nasdaq can get away with breaking the rules.
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