MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.23

0.0%

Jan 23 4:00 PM EST

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To: el paradisio who wrote (61630)	10/31/2000 11:53:23 AM
From: Les H	Read Replies (1) of 99985

Per the 10-week and 20-week cycles, the next minor cycle top is the end of this week marking the leftmost one-third of the 10-week cycle. A pullback then a rally into end of November 27 for the 6-month top. The 10-week cycle turns bearish after November 27 till it bottoms in mid-December; the 20-week cycle after mid-January. I think the Nasdaq resistance is back at the reaction high of 3530. With the rally today, my database is inching toward 70% sell signals (yellow flag) and hopefully, 80% (red flag) by end of week with more rally.

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