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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%Nov 19 4:00 PM EST

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To: HairBall who wrote (14582)5/21/1999 11:34:00 AM
From: j.o.  Read Replies (1) of 99985
 
LG - If we go back to my Elliot analysis on the bonds from about 1 week ago, this retracement (I named the potential target of 5.7% then as well) is perfectly in-line with the 1,2,3,4 wavecount of the whole upmove from sub-5% rates. Now we just need to find our bottom here and see if we can produce a nice wave 5 lifting us to 5.98% or 6.08%.

If we were to go through 5.7%, I would have to rethink my count.

j.o.
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