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


To: Sam Scrutchins who wrote (54909)6/21/2000 11:02:00 PM
From: Les H  Respond to of 99985
 
S&P 500 EW and Stoch RSI (from Astroecon)

astroecon.com

astroecon.com

Re: Nasdaq

Wouldn't a pullback to 3690-3690 (point 4 of 1-2-3-4-5) satisfy the 38% retracement of the current rally? That's assuming the Nasdaq doesn't rally much farther and that count is correct. I look at a number of large cap Nasdaq stocks and don't see the 1-2-3-4-5 waves, but then I don't see the requirement for the Nasdaq to make a 5-wave rally unless we go to 5150 IMO.