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

To: HairBall who wrote (36804)	1/5/2000 11:18:00 PM
From: bearshark	Respond to of 99985

LG: That's what it gets for leaving its head outside the box.

To: HairBall who wrote (36804)	1/6/2000 5:38:00 AM
From: bobby beara	Read Replies (2) \| Respond to of 99985

LG, i don't quite understand the Hoopes Loop, but the trin i do somewhat understand. This fits in directly with my wave count on the Hang Seng and Nikkei, which are the cleanest wave counts of all world markets, the spx has been hard to read, lots of overlapps and sloppy formations. The Dow Jones actually in retrospect made a wave 3 top in mid july, then a b corrective wave into 8/25 top for the 87 anniversary, this looked like some kind a wave 5 complete and fooled a lot of elliot people and all the 87/29 comparisons came out an got everybody bearish. When this bearish pattern failed in October, everybody threw in the towel and started bashing bears and saying this time is different and they threw Dudac off the elves list. Now the economists are "euphoric" about the economy, people haven't been this bearish on bonds since 1987 and you have a bubble in the nasdaq similar in size to 1929 dow and 89 nikkei. This top in the nasdaq should be a bears delight on the short side. b