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

To: bobby beara who wrote (39779)2/11/2000 1:11:00 PM
From: Terry Whitman  Read Replies (3) | Respond to of 99985
 
Are U sure that's Gilligan's island and not Fantasy Island <bg>

Oil at $30. That's a break out isn't it?



To: bobby beara who wrote (39779)2/11/2000 1:51:00 PM
From: Casaubon  Read Replies (1) | Respond to of 99985
 
BB,

why two more legs up? And, how do you calculate price objectives for those moves? Is this based on e-wave?

I still have not studied e-wave, yet. TIA



To: bobby beara who wrote (39779)2/11/2000 2:02:00 PM
From: Michael Watkins  Respond to of 99985
 
According to my work, the SOX has put in the ground work for a breakdown today. The all time highs are key; the other level to watch is 929.

If things play out it will dance betwen 918 and 929, only if market conditions support a big run will it try to test all time high; a serious break below 918 is probably the signal of the swing high on the Nasdaq.

Michael


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