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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: Bull RidaH who wrote (9666)	4/2/1999 9:12:00 PM
From: bobby beara	Read Replies (1) of 99985

BK, is that your mug, i thought i saw that picture pasted on the wall of my local sheriff station -gggghorselafffgggg- I have been struggling with the wave counts from the October low. I believe the problems lies in that the market is out of sync since the July top and so many stocks in a bear market creating a fuzzy pattern in the index. I agree with your count on the late november and early january tops being 1 & 3, but I beleive the March 3rd bottom was significant, as the nasdaq saw a significant reversal there out of a possible H&S pattern breakdown (bonds saw a reversal there also) and would prefer to call that an abcde correction on the spx from the 1/8 high. from there i'm lost, this whole thing is all mixed up, if you look at the nasdaq trading range out of the feb low, it looks like a corrective trading range, not an impulsive move. in april 98 and july 97 we had a coincident topping of many stocks at the same time, now at different times according to their fundamental backdrop.

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