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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: HairBall who started this subject	6/13/2001 1:13:23 AM
From: gfs_1999	Read Replies (1) of 99985

Weekly chart at Nasdaq: 3 waves, now may be we are at 4th wave up. 3000 by year end? and after 4th finish 5th down 1356?. But if these 3 waves down are just an ABC correction we are now starting a new bull market leg. IMO Nasdaq and NYSE still need other strong correction so that we can start a new and rational bull market. Looking at some economic points I see that some countries grew to fast and now they need to expand some sectors to continue its expansion. Look now Brazil, 5 years growing inflation problens solved, people buying all goods but now like California, Brazil needs to stop due Energy problens. Sectors that provides services and equipment to energy, industrial and governmental customers will work during this bear market. IMO FED is giving now the tools. How long it will last is the question. Regards GFS

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