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

To: Andy H who wrote (46595)	4/16/2000 9:24:00 AM
From: el paradisio	Respond to of 99985

Andy H, It would be a short covering rally and the upside target should be 3600-3700 area. I was reading a short term bottom last Fri, there is still a chance, we can reverse from here. If you take Fibonacci,charts, volume brakeout, the bottom should be around 3150- 3250 or it will be at 2820-2900 area.That would correspond to the wave count of 3042 and 2967 respectively. It looks that dollar can face some problems,bonds are close to the bottom and money can move to Japan soon. Watching our NDX and N225 closely. el paradisio