MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: bobby beara who wrote (10728)	4/12/1999 7:49:00 PM
From: HG	Read Replies (1) of 99985

<<<RNWK is extended and looks like it has completed five waves up from the 3/24 low, as does CMGI, which I sold several sessions ago :-( >>> You know, even with the sad face for comfort, you make me lose my sleep with comments like that ! Not to mention the fact that I was just planning to jump into cmgi tomorrow, depending on the market conditions - since the strategy of selling puts and getting assigned failed miserably ! Hmmmmm....now I'M befuddled ! :-( What to do what to do what to do !!!! PS : Could you please explain what waves are ? do you mean there were 5 rounds of increase, or that it increased in 5 incremental waves ? Or is it a technical term ?

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