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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.96

+0.5%

Dec 23 4:00 PM EST

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To: eichler who wrote (64287)	12/14/2000 6:11:09 PM
From: Stcgg	Read Replies (6) of 99985

Eichler......... The move on the Comp from 11/30 - 12/11 was a 5 waver up.. That measured to 3029 from 2523 for a 506 pt advance, retracement on the daily is 2716 for 61.8% so anytime between now and the 78.6% would turn the chart up.. siliconinvestor.com The Naz move down to 11/30 was the 5th wave down, so we are on an uptrend since then in an ABC pattern.. Don't let the retraces get you down, worry if Comp falls below 2631! >><<

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