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Strategies & Market Trends : MDA - Market Direction Analysis

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Jan 9 4:00 PM EST

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To: HairBall who wrote (293)	12/4/1998 1:21:00 PM
From: Death Sphincter	Read Replies (2) of 99985

LG..here's my take...E-Wave wise....we are in a corrective wave (how am i doing so far?) a mid sized ABC..........3 clear waves down from Nov. 27th, 'a' down 27th thru 30th morning, 'b' sideways thru midday 30th, 'c' down ends Dec. 1...this makes up the 'A' of the ABC after the low on Dec 1 the 'B' has been going....it looks like a triangle,flag, pennant... whatever you want to call it.... it should end in the 1170-1180 area.....the price movement will be between 1150-1170something...25-30 points then the 'C' wave down should take it down 25-30(approx. the point range of the triangle) below the bottom of the triangle (1150) then it will bounce back up for a run at the recent highs.... if the scenario plays out i will have an exact number for the max rise on the run at the 1192, once i see where it stops 1115-1125? because of preceeding wave action the move back up can be no more than 77 points guess we will see carl

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