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

To: bobby beara who wrote (32483)	11/5/1999 7:13:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Bobby, i'm not tossing it...i always try to keep abreast of what the various e-wave specialists are saying. i believe the theory is entirely valid, the types of patterns it describes and the use of the Fibonacci numbers all have recognizable counterparts in nature...and i have seen the theory working time and again myself. as every attempt at predicting market moves it is not perfect...various interpretations are simply alternate counts, and one can usually find out soon enough which one is correct. Billy's little problem with the Feds may indeed be the straw that breaks the camel's back. it coincides nicely with the NAZ touching the upper trend line and the signs of excess speculation we discussed. as for the NAZ, the Prechter view is that this is an ending diagonal... regards, hb