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

To: pater tenebrarum who wrote (20296)	7/16/1999 7:12:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 99985

Heinz, if you look at the spx from the mid June low we have a nice five wave sequence, the question is can we start the move from there or is the move from 5/26 wave one and we are now in the process of completing wave 3 or can we start from 5/26 and call the zig/zag into the 24th an abc wave two correction, regardless we should be putting a possible top in within the next 1-3 weeks. we made a measured projection on the xci breakout today. the gin is creaking along and the shooting star on 7/6 so far is marking a right shoulder and if we take out the 7/13 low on Monday we will put in a lower low confirming the downtrend, we have already broken the parallel upchannel of the abc upmove. i tossed my amazon today, not gonna try to squeeze the possible extra out of it in the face of a weak group. bb