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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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To: j.o. who wrote (15265)	5/28/1999 4:05:00 PM
From: bobby beara	Read Replies (6) of 99985

j.o. i'm wavering in my wave count -g- RUT held up strong during this correction and is not fitting in with my gloom, doom and ba-boom, also we are now blasting out of an inverted H&S on the nasdaq on the 60 minute chart out of a very oversold condition. take a look at the wave count on NITE. looks like one ended January and three ended in april and I've been in a quandry about that being the count in the GIN or if wave one ended in November, this giant ABC could be a wave 4. thoughts? if the XBD closes above that support/resistance area and makes it support again we could be in for a another wave up. i bought hasbro today, been going thru lots of beanies lately -g- bb

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