MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.39

+0.5%

Nov 28 4:00 PM EST

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To: donald sew who wrote (2735)	12/23/1998 2:59:00 PM
From: Arik T.G.	Read Replies (1) of 99985

All, Finally I have a post with a direct bearing to the theme of the thread. ST EW count makes the current (last 1/2 hr.) move the start of the 5th wave of the rally started yesterday morning, which is the 5th wave of the rally started on 12/14 at the close. Said 7 trading days rally may or may not be the 5th wave of the move started on 9/10. What I'm saying is that in a couple of trading hours the market direction is going to change from up to down. The initial guess for the size of the down move is around 25 SPX pts. (if it's only the correction for the move from SPX 1138) ATG

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