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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Bull RidaH who wrote (17695)	6/17/1999 12:40:00 PM
From: RealMuLan	Respond to of 99985

What is the effect of the possible interest rate hike of .25 at the end June in your equation/summer rally? Do you think it has already factored in the stock market? Thanks.

To: Bull RidaH who wrote (17695)	6/17/1999 12:54:00 PM
From: Ilaine	Read Replies (1) \| Respond to of 99985

How do you get 20% correction when SPX went from high of 137 to low of 127 since May? That's not even 10%.

To: Bull RidaH who wrote (17695)	6/17/1999 1:04:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

BK, agreed on the bond's reversal and it's likely supporting role for equities in the near future. but wave 3? i count this upcoming rally as wave 5. it could conceivably carry us to almost Dow 13,000, but i think the party will be over after that. just my opinion,of course. regards, hb

To: Bull RidaH who wrote (17695)	6/17/1999 10:38:00 PM
From: Vitas	Respond to of 99985

David, so far I think we start the last leg down into the nine month cycle low on or about Tuesday. Message 10089099 Two of my intermediate term oscillators went below zero recently, and it would very unusual not to have more damage on the way. Vitas

To: Bull RidaH who wrote (17695)	6/18/1999 11:35:00 PM
From: Vitas	Read Replies (1) \| Respond to of 99985

David, upon looking at some oscillator formations I think we may be in a similar oscillator formation to late June, 1976. Also, wavewise, there was a 1 down, 2 up, 3 down, 4 up, a fifth that did not get lower than the 3 low, a whatsis up, which is basically what we have had recently, then a plunge. The trading day count matches also. Since our most recent low was not lower than 1279 spx, the 3 low, does that not mean we are due for the washout? Explain this to me buddy. Better yet, draw pictures on a chart and post them. Thanks, Vitas