MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: NucTrader who wrote (65478)	12/29/2000 9:47:23 PM
From: bobby beara	Read Replies (1) of 99985

well nuc, elliot counts on the nasdaq from march or september are better spec'd by forrest gump or andy dump (spinky boy -g-) all i know is we are making a naz stairstep down from heaven, where hell is nobody knows -g- i don't think the gap down last week was an exhaustion gap - like a few - including myself thought, we had only 2-1 a/d on nas on the big up day - should be better than that off a washout bottom, plus we got another one of those rising wedgies rallies, with increasingly small bodies and volume and a big engulfing candle an volume today to break off the top. stockcharts.com[L,A]DACLYIMY[DA][PB50!B200][VC60][IUB14!LA12,26,9] my feeling is that most of the bearishnsss and oversold condition off the 12/20 bottom was worked off by buying in the nyse stocks. we shall see what the real new boblenium brings -g- and weather that rising wedge is just the first act or the final act of the rally from 12/20

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