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

To: dennis michael patterson who wrote (37937)	1/24/2000 11:01:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Dennis, my best read yet on this thread that nobody commented on was the very clean five wave move on the hang seng from october 98, if you look at the hang seng (and the ftse too) you can see that we are starting a correction that will correct the whole move from the october 98 lows, this will be larger than any correction we've seen since then, if as many wave readers suspect, this could complete a larger sequence from 1987 or 1990 or 1974. The Asian indexes are joined at the hip of the nasdaq and the jasdaq (nikkei nasdaq) did not confirm todays nasdaq high, along with spx, dow, oex. I believe the breakouts around the year 2000 created a lot of bullish optimism and got the last buyers to buy. even got the economists euphorically bullish -g- b