MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (7016)	3/5/2001 12:52:09 AM
From: Shack	Read Replies (1) of 19219

Both bulls/bears agree that we are completing the 5th and last wave down of this leg of the bear. The only question is when does the wave end? The action on Thursaday/Friday was another corrective wave and was not a new leg up. If the lows go from Friday, then we are not done the wave 5 and actually begin a new sub wave down within the five. The cycle lows next week support one more leg down, how severe will it be? Either way, we are getting very close to a meaningful low.

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