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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Les H who wrote (3153)	2/15/1999 8:13:00 PM
From: stockycd	Read Replies (2) of 99985

All, Here is the link to the cycle projections posted by Les in December. Message 7048750 That would put 2/22/99, NEXT MONDAY, as the 20-week cycle low. My calculations for the major indices have limited downside. (BWDIK?) My absolute lowest (worst case) downside calculations are as follows: DJIA--9062 Transports--3047 NASDAQ--2032 SOX--317 BKX--740 Note these are not price targets, but worst case calculations. Notice that the DJIA, Transports, and the BKX have the most limited downside. I think these will help to prop the other indexes and drive the market higher over the mid-term. Any other thoughts? Edit: I think this will keep us on track for the 9-month cycle low in July. My opinions only... Chris

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