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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 694.04+0.7%Jan 9 4:00 PM EST

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To: Gary Burton who wrote (64374)12/16/2000 12:38:40 AM
From: Stcgg  Read Replies (2) of 99985
 
Gary...........

The minute abc from W4-B (4260)is far from complete.. The 61.8% retrace from W4-B (4260) to W4-C (2523) is ~3600.. My hypothesis is we are now entering the W5 uptrend, to be verified with a thrust through 3600 to the upside.. The wave count I measure from 2523 to 3028 is a 5 count wave and today's close did not violate the 78.6% retracement of that wave and it looks to be a 3 count wave..

stockcharts.com[W,A]DACAYIMY[DC][PB200!F][VC60][IUB14!LF!LC20]

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