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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.21

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To: Zeev Hed who wrote (69337)	2/16/2001 8:14:45 PM
From: bobby beara	Read Replies (1) of 99985

Zeev, i posted this chart a few days ago of the broadband holders and said we had made five waves down from the fed meeting 207.61.23.99 that and george's trin had me smelling bull real good, i made some good money on the run-up, sold when is saw that rising wedge forming yesterday and me being a bozo, bought back at the close, i thought that we could get another day or two out of the rally, fortunately i had some gold stocks that offset the give back today. now from that above chart (broadband holders)you have wave 1 from the 1/23 top (remember i was a lonely bear around there -g-), wave 3 down from the fed meeting into the low a couple of days ago, this fakeout rally wave 4 and now we are plunging into wave 5 down from the 2/23 top with extreme trin readings. I think we are finishing off the 2 leg down in the bear market (started sept 1) in this time frame and we should have a rally back to 2900-3000 area before the final 3rd leg down maybe into october, thats where all those aforementioned missing pieces to my sentiment figures will fall into place -g- thats all IMBO (in my beanie's opinion -g-)

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