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

To: dennis michael patterson who wrote (34683)	12/4/1999 6:44:00 AM
From: John Madarasz	Read Replies (1) \| Respond to of 99985

Dennis: This analysis seems to confirm Favors also that The trend is up Stocks - Intermediate Trend - December 2, 1999 Abstract One of our better predictions of the year is the startling divergence between the NASDAQ and Dow Industrials. This report deals almost exclusively with NASDAQ and makes some ambitious future projections. Overview Phase Shift - The divergence is a direct result of a phase shift in the wave patterns of each index. The Dow Industrials and S&P 500 have been in a corrective wave pattern since July 1999. This corrective pattern is responsible for the flat configuration. The NASDAQ completed the corrective pattern on October 19, 1999 and started a 5 wave move higher that projects out to April 2000 with expected levels of 4200 to 5100.......... * With this exception The NASDAQ has now completed another half cycle and reached a target square. This sets the stage for a correction. Coupled with the end of the 1st Intermediate six week wave up and an extremely over bought situation on momentum the next three to six week should see either a flat market or a fair sized correction. Our initial target is 3200-3300. The extent of the next correction is critical for the continued up trend and new highs of the next wave up (mid Jan-Mar 2000). Any new highs after the end of this week have to be considered very bullish for the next up pattern. kondratyev.com I tend to agree... Congratulations on your first rate plays. Knowing the right moves is easy, but making them is the hard part. Hope you get a chance to share some of that new wealth with those who are less fortunate and needy this holiday season. Best Regards, John Madarasz