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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 675.02

+0.9%

Nov 25 4:00 PM EST

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To: j.o. who wrote (14336)	5/19/1999 6:54:00 PM
From: bobby beara	Read Replies (2) of 99985

>>> We had wave 2 sideways from early Jan until late Feb. Liftoff into subwave 1 of wave 3 in first week of March, topping around the 15th. subwave 2 of wave 3 lasted just a few days. Subwave 3 of wave 3 just ended with our last top in the dow, and we are now working our way through wave 4. If we are to have one more last subwave 5 in this large wave 3, then it should take us up to 11300 (minimum)<<< j.o., this count looks good to me, i believe we found support on the lower trendlines on both the spx and ndx and reversed up and closed on the high on increasing volume. GIN had another low volitility and volume bar right in the center of the triangle and we are coming off an oversold area in breadth and momentum (at least on the spx). this sucker doesn't want to die -g- rumbles in russia, rubin ruminations, rates running wild and the bull goes on -g- dum dum dum da dum dum dum the bull goes on.

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