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

To: Benkea who wrote (53638)	6/11/2000 12:22:00 AM
From: Gary Burton	Respond to of 99985

George/Benkea--re BKX or NF---The key is that this 2 year triangular consolidation comes after a strong move up earlier in the decade--so the likely resolution is a breakout to the upside in a Wave 5 as a continuation pattern--the Triangular Consolidation is most likely a typical Wave 4---We may or may not have completed a small (e) already into early May and if so we are in the early stages of Wave 5 up to new highs in the 600-700 area...My sense is that there is a 50% chance of this, with the other 50% being that we are headed back down to low 500's to put in the final 'e' of the abcde triangle---either way, the financials are likely a good place to be looking forward.