MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Justa Werkenstiff who wrote (77668)	6/1/2001 11:08:48 PM
From: bobby beara	Read Replies (1) of 99985

justa, msft has maintained it's box, being a 9% mix of the nasdaq, it's leadership has held the nas in it's box, even though nwx is sucking. It's hard to say if the whole consolidation from late april is a wave 4 from march 22 low or it's a little topping five wedgie against major former resistance. I still have as a strong wave count that wave three in nas bottomed in april, and this rally is wave 4 and we should make new lows below in nas that should be followed by a boffo rally, rydex #'s have not capitulated much during this sell-off, which shows some complacency and summation indexes on both nas and nyse are turning down off high #s, which means that at minimum we should have a sideways choppy market. b

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