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 683.39

+0.5%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HairBall who wrote (62453)	11/14/2000 3:23:37 PM
From: Casaubon	Read Replies (1) of 99985

I'm not an e-waver but someone posted an e-wave analysis of the compx in early may, I believe. I printed that chart because I liked the count. The chart showed we were to have an eventual wave 3 (or C) target of 2897. Yesterday, we touched 2860 on that index and finished the day with a bearish overthrow, just below an "important" psychological support line (on the NDX). The put/call ratio was heading into bullish territory with the VIX spiking. We are heading into the seasonally bullish period and the economy is still humming. Bush will be elected and probably institute some tax cuts as well as enact some legislation to allow some soc. security funds to be invested in the stock market. The Fed will probably be forced to stay its hand or drive the economy into a serious recession. For these reasons, I am inclined to believe we shall have a sizable rally from here.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next