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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.100.0%Jan 23 4:00 PM EST
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To: Stcgg who wrote (66941)1/16/2001 7:13:59 PM
From: Gary Burton  Read Replies (1) of 99985
 
Stcgg---We did an ABC from Mar peak to Jan low--not doing an impulse---look at Mar/May drop again--it was an abc-x-abc ...not an impulse.---The drop is over--We either go to new highs from here or we finished the first abc of a larger triangle or flat...SteveH is wrong (again)----btw--wave 3 need not be the longest wave points wise-as long as it exceeds say w1 or w5 % wise is ok
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