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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: Bull RidaH who wrote (6597)	2/18/1999 12:05:00 AM
From: Vitas	Read Replies (1) of 99985

David, there is not a snowball's chance in hell that the October '98 bottom was the beginning of a supercycle. I can't count waves that long (from 1789). We are in a similar cycle that equates from the one that started in 1942, except this one starts in 1982. If you really want, I will give you evidence of the kickoffs of both the 1942 and 1982 major cycles over the weekend. They are 23 year up cycles from both of those lows. That does not rule out a 30% correction imminently. In fact, it has happened before at this stage, within the 23 year up cycle. Vitas

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