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


To: el paradisio who wrote (56653)7/16/2000 1:53:42 AM
From: John T.  Respond to of 99985
 
Your wave count on the NAS seems reasonable and it coincides with the wave count on the DOW and SPX. If this is the correct wave count, then after this rally we should start a five wave decline to the bottom of wave (3) and eventually down to [A].

I think this next correction will tell us where we really are. If its a minor ABC correction and then we turn back up, then the bull is back. However, if its a strong five waves down, then we'll know were in a bear market.