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


To: stockycd who wrote (37087)1/9/2000 5:00:00 PM
From: JDinBaltimore  Read Replies (2) | Respond to of 99985
 
Chris,

I've heard this mentioned numerous times, but never followed up on getting definition, what is an inverted hammer? If you don't mind.

Thanks
John



To: stockycd who wrote (37087)1/9/2000 5:15:00 PM
From: NucTrader  Read Replies (2) | Respond to of 99985
 
from kondratyev.com
>>What is important for the next couple of years is the strong bullish pattern in momentum, waves and failure analysis that will propel stocks strongly higher.ÿ

Conclusion

The biggest change produced by the new long term analysis is the down side target we had set for the end of 1999 and the start of 2000.ÿ Given the current interpretation there is very little likelihood that the market will see any weakness until after April 2000. Even at that point it would not be expected to see a correctionÿ to get back to current levels much less break the 10,000 level.ÿ The target for the third long term wave is 15,000..ÿ<<