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

To: Crimson Ghost who wrote (47690)	4/22/2000 11:07:00 AM
From: Jerry Olson	Respond to of 99985

George it's possible, down to 10,300, there is a rising bullish support line here...i doubt we break that...10,250 was the last bottom... all of these indexs should retreat together for the last time to set the bottom firmly in place.. then wait for the reversal back up to begin to go long hard... the retrace back up will be tradable... i looked again at the NAZ P&F chart..last Oct we broke out at 2900, then exploded up to the top..if you look at the chart, any chart, you'll see a rounding top that sold off right down to the 99 breakout area... this to me completed the round trip..it happens almost every year..amazing..next time i'll be more tuned in to this phenomenon... regards OJ