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

To: donald sew who wrote (33412)	11/14/1999 9:58:00 AM
From: Saulamanca	Respond to of 99985

I thought this was interesting and could explain why the market reversed on Friday when Bear Stearns had to cover their mistake: "The temporary dip in the Nasdaq also was blamed, in part, on a blunder on the Bear Stearns trading floor. A trader mistook an order from a customer to sell $2.5 million worth of Nasdaq-100 Trust Series, or QQQ, and S&P 500 Depositary Receipts, or Spyders, as an order to sell 2.5 million shares on each product, according to Dow Jones Newswires. Bear Stearns declined to comment on the report." biz.yahoo.com

To: donald sew who wrote (33412)	11/15/1999 11:41:00 PM
From: Bull RidaH	Read Replies (3) \| Respond to of 99985

Don, <<a reasonable break of 1400 may not negate that senerio you highlighted.>> Quite true, but it would lead me to believe we'll head higher before reversing... And how high I don't think I wanna find out. <g> That number wasn't just picked out of the sky, but based on S&P futures 24 hour wave formations that prohibit a move above 1405 for the conclusion of the rally from last week... Which just happens to be where we stalled today. I subtracted 5 from that number for fair value to yield the 1400SPX ceiling. <<What the heck is a 36.2 day cycle. gggggggg Whats ".2", why not just 36.>> That's one question I simply didn't get around to asking Favors when he gave me the cycle info. But if i ever see him again... <ggg> He was calling for a cycle high in this time frame too: marketweb.com Now the only question still in MY mind is... Did we trigger a class 1 on anything today? Thanks, David