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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Jan Robert Wolansky who wrote (2658)12/22/1998 8:00:00 PM
From: bobby beara  Read Replies (2) of 99985
 
Jan, I am looking for a the S&P to retest the 1066 top of Sept., that would be roughly a 50% retrace. I don't think we will see new highs in March/April but that's too far away to call.

My wave counts show that the top should probably coincide with John's symetry chart (thank you John!!! - thank you!! thank you!! thank you!!!). If things play out the way I think they should, I will be 100% short at close of business 12/24.

Some Gann and Fibonacci timing tools tell me that the correction will bottom between January 20-27th.

I still think the NUTZ stocks and techs will make some money in the next couple of days (i'm still in -g-)

bb
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