MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 688.98

+0.5%

Jan 22 4:00 PM EST

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To: LTK007 who wrote (64363)	12/15/2000 11:12:14 PM
From: NucTrader	Read Replies (2) of 99985

>>Elliot Wavers our on the line big time now---they have called 3500 in January,and new alltime highs in March<< Not the Elliot wavers I read (specifically Richard Hahn). His charts are drawn by Robert Hitt @ astroecon.com. ANYHOW. He see's us in an abc corrective wave 4 (wave a to the recent 3,000 level; currently in b down which looking at channel on his chart looks to be around 2500, followed by wave c up which appears to bound by channel at 2900 or so) followed by big wave 5 down which bottoms in march 2001 around 2000 on COMPX. He does see a rally taking us into year end (that'd be to around 2900 from whereever the b correction ends.)

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