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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.39

+0.5%

Nov 28 4:00 PM EST

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To: Stcgg who wrote (61925)	11/6/2000 4:30:00 PM
From: Gary Burton	Read Replies (1) of 99985

You use close, I use print--regardless, the important thing is that the drop from 10995 was a 3 wave abc move--so it was a 4. Prechter is now going to try and sell the entire move from the Spring low as a 3-3-5 Wave 2 Flat--but it won't wash. The Flat was the entire 10 month structure from 11750 down to the Oct18ish low--ie it's over and new highs will soon occur in the DJ-We are due for a partial retrace anytime in here (nyse breadth was lousy today)--but it will run up again--my 2c

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