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

To: Slava Chechik who wrote (23102)	8/16/1999 10:15:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Slava, i believe wave 5 was completed on 7/16, he is looking for another leg up, some charts look poised for further gains, the cyclicals, gaming and phone sectors are a few, but then you have got the parabolic tech and biotech sector. the indexes are not giving an easy pattern to read since the sectors are so out of phase. He missed the importance of the 7/16 top maybe by placing too much importance on wave counts and not on other indicators, since wave counts are very subjective, they must be used as confirming indicators not as main indicators. bb