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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: Bull RidaH who wrote (9671)4/11/1999 4:25:00 PM
From: bobby beara  Read Replies (1) of 99985
 
BK, I'm looking at the AOL chart with the narrowing wedge pattern into 3/3 as wave 4, we have just corrected what looks like wave 3 so we should have one more leg up.

also considering 3/3 as the start of a new leg up of an abcde correction in the spx, the next leg up into 3/19 was 1, 3/23 2, looks like we may be completing 3 right now, the correction should be 4 then we should have a fiver coming into the next fibonacci time sequence which would be the 26th.

This would capitulate plenty of bears and give heinz the put/call ratio he is looking for.

Comments?

bb
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