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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Arik T.G. who wrote (70496)3/2/2001 11:17:21 AM
From: Death Sphincter   of 99985
 
been without service for several days. yeah, definately killed the b of 5 deal. discussion some time ago was if that was REALLY happening....seemed at the time that all the other indices were still working on a big year+ long corrective down wave, but NYSE was resisting and keeping that diagonal alive...now it might still be alive in a much broader time frame but it seems to me that the DOW is doing a very large ABCDE downward Triangle....the NAZ still working on its large ABC down...the SP a large ABC down/or an ABCDE tri of its own(1192-1200 target??) The overbloated stupidly overpriced NAZ doing a hard ABC down...while somewhat more conservative NYSE/DOW doing a larger downwardly consolidating correction looking thingy (4th wave type thing). if the econ picture doesn't improve i suppose you could s-t-r-e-t-c-h the whole thing out for some time. I have always thought that 87 was end of a wave 1
crash of 87 wave 2...monster 3 up from there and that there would eventually be a very large stretched out 4th (with DOW trading up and down in a couple 1000 point range). maybe thats the ticket now

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