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


To: HairBall who wrote (41283)2/24/2000 9:22:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 99985
 
Actually, Favors gives himself an 'out' by saying that to 'prove, beyond any reasonable doubt' that the Bull is over, the intraday would have to dip below 8994 (he just thinks it is 'likely' over with a break of 9884 by 1 tic, which happened today)----EW types can hang their hat on somewhere in the 7400-9367 area marking the bottom ,by one count, that would then allow new highs. I tend to agree with this count fwiw.