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


To: Michael Watkins who wrote (40861)2/20/2000 10:48:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
Michael, i'm pretty sure there will be some follow-through selling in Hong Kong and most European markets...although ex FTSE the European markets have been relatively unconcerned by WS swoons.

agree btw. that if not now, we will get a little bout of panic sometime later this year. now would be as good a time as any however...all the evidence i am looking at says that the next three weeks could be a high risk time frame. day 55 from the SPX top coming soon...

i follow some people that specialize in e-wave counts. as usual their assessment is not unanimous. one count has the NAZ entering 4 of V , a correction after which a final 5 of V rally should ensue, another says we have already finished the final wave 5. i'm open minded with regards to that...imo if the high risk time segment passes without a major debacle, we have to look at the fall for the fall. however, perhaps spring springs a surprise...<gg>