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

To: dennis michael patterson who wrote (26881)	9/23/1999 5:53:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Dennis some interesting patterns here, if you draw a trendline down the spx declining tops from 8/25, and from 8/10 low and the next low, the triangle point is exactly at that low volume very narrow range day 9/20 (wasn't that Yom Kippur) Now if we measure the A wave down from 7/17 high and tack it on to the apex of the B triangle you have a measured move if A=B to 1182, which would be a perfect retest of last years breakout. If you measure the first H&S pattern on the Nasdaq in Jan/Feb, it measures to 1915, which would also be a retest of the breakout. An abc bull market correction, bull market lives, then again we could have the millenium crash. bb bb