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

To: John T. who wrote (56637)	7/15/2000 2:12:51 PM
From: Saulamanca	Read Replies (1) \| Respond to of 99985

John, Nice charts. I don`t know anything about e-waves so I don`t use them, but it`s good to hear your opinions. Looking at the weekly NAZ chart it`s hard to believe after powering through the middle B-band on increasing volume with some indicators flashing buy, we would get any more than a Walter Payton stutter step here. It`s looking similar to the set up coming off the bottom in 1998. stockcharts.com[PD20,2!F][VC60][ILB14!LL14!LD20] Regards, Jim

To: John T. who wrote (56637)	7/15/2000 10:36:36 PM
From: Casaubon	Respond to of 99985

Anyone read the monday july 17 issue of IBD (I know...it's not Monday yet). They are practically foaming at the mouth bullish! That's my interpretation of the issue anyway.

To: John T. who wrote (56637)	7/16/2000 12:39:22 AM
From: el paradisio	Read Replies (1) \| Respond to of 99985

John T., the peak,wave No.[5}](5) on NAZ was in the end of March. Now,we entered the beginning of the corrective wave A.... which may last for some time and we are approaching the small wave up (2). This wave up may be finish this month,or it can continue, with the peak in August. stockcharts.com[DF][PB50!B200!D20,2!F][VC60][I] I am also counting gaps,up-down,islands in the recent 3 month. All that unusually frequent gaps and islands are pointing at indecision. Gaps are also giving many falls readings on the oscillators and VIX. Regards,el