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


To: bobby beara who wrote (48465)4/27/2000 11:17:00 PM
From: Arial  Read Replies (1) | Respond to of 99985
 
bobby - with you seemingly throwing in the towel and jerry typing in CAPS again, even though i'm playing the upside in the NAZ right now, i have to feel the short term cycle due tomorrow or Monday will be another shakeout. remember, all the previous rocket rallies came from the top of the mountain. we are now going up the mountain (i.e. MACD upside down). the current rally can still be an A-B-(a-b-c)-C correction until proven otherwise (by fibonacci parameters). since you're a h&s man, the current rally looks suspiciously like a right shoulder (in tandem with the january left shoulder and 2 noggins on top). (gg)

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we'll see if the VIX makes another stop at 27 or slices through it

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