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

To: bobby beara who wrote (48279)	4/26/2000 10:38:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

the latest cycloops: csf.colorado.edu regards, hb

To: bobby beara who wrote (48279)	4/26/2000 10:47:00 PM
From: Michael Watkins	Read Replies (2) \| Respond to of 99985

I certainly hear many people reciting the "as GE goes, so goes the market" chorus. Still haven't figured out that wave stuff you folks talk about, but on a 60 min chart its seems likely that the defining moment for GE is in the next day or so. At this point, on a 60 minute time frame, I'd have to say GE makes a better short then a long. Whether the short term reversal continues or not depends on if it heads down to 160 and how it handles that, or doesn't...