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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: Stcgg who wrote (64433)	12/16/2000 7:35:56 PM
From: Gary Burton	Read Replies (1) of 99985

Stcgg--As I count it from the recent 3020ish top, we have done a 1-2-then gap dn 3 into Fri am and then part or all of 4 Fri pm--so IF we open up a bit on Monday am (like we often do) and then rollover an hour later and take out Friday's Low sometime Monday, then that would be a completed 5 subwaves down--so from there we rally strongly into Tuesday 2pmish for either a B or a 2, setting up a hard dn starting Tuesday afternoon--hey we can get to Dec 22 on far fewer New Lows in a completion of the Bear after all! ---If so, the next fib date is late Jan for a high?

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