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

To: dennis michael patterson who wrote (30603)	10/19/1999 2:13:00 PM
From: j.o.	Read Replies (1) \| Respond to of 99985

Hi all. The Dow looks like a nice, clean 5-wave downmove ending yesterday. Now we should be into the ABC correction. The first target I see here is 10,506 - 38.2% retracement. The second target is 10,670 - 50%. This is about as clean as E-wave gets, if I'm not mistaken (ohh yes - that does happen <gggggg>). Short-term we could see a partial retracement of the last 300 point upmove. (making B) Any other thoughts on the ewave count? j.o.