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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Les H who wrote (14538)	5/20/1999 7:06:00 PM
From: bobby beara	Read Replies (4) of 99985

Les, the move out of this nutz triangle should be pretty dramatic, it is a perfect coil, the possibility of this being a B wave triangle is starting to look like a real possibility, some nutz received upgrades today but didn't move, from the possible A wave low on 4/19 you can count an ABCDE, the triangle points to the January lows. For a sample of a B wave triangle, look at the spx chart of april-may 98, lots of techies thought that triangle was a bull flag that formed out of the late April drop. bb

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