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 695.17

+0.2%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: globestocks who wrote (64355)	12/15/2000 7:40:28 PM
From: Stcgg	Read Replies (3) of 99985

Rate Cut.... The Fed cut rates by 75 basis points at the Oct98 low of 1357 after which the market rose 278% to the Mar00 top of 5132.. If we get 3 quarter pt cuts, I believe that would be enough to complete a Big wave 5 which would exceed the recent Nasdaq high.. My guestimate of a Naz Wave 5 target top would come in around the 7800 area.. My theory of the current down from March being that of a big Wave 4 is the basis for this optimism, which is pure speculation at this point but a likely scenario given the Oct98 runup fitting that for a big Wave 3 pattern.. >><<

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next