MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

-1.7%

Nov 13 4:00 PM EST

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To: Magnatizer who wrote (2604)	12/22/1998 12:21:00 PM
From: bobby beara	Read Replies (2) of 99985

David, I believe we are making a significant top and we should have a minimum .382 correction of the move from the October lows, which would put us back at 1800 on the Nas and touching near the neckline of the double bottom formation - September high. This will get everyone mega-bearish enough for the final rally into March-April time frame - wAVe B. This is a very easy call, PUT-CALL ratios have been in extreme bear territory for over a month now. In July we saw the old-line brokers pop-off. Now we are seeing the internet brokers pop-off AMTD, SCH. bb

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