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


To: Stcgg who wrote (57594)8/1/2000 9:38:59 PM
From: Haim R. Branisteanu  Respond to of 99985
 
Analysis of end of Day Closing prices and recommendations in
Summers & Uncle Al Tulips Market,or the Den of Thieves & Swindlers

This is the most effective list, but validate signals. Results
are relative to the SPX and move relative to the SPX - Haim
see more data & info including stock charts from this scan at:
home.nyc.rr.com
and also see Today Charts who are updated every several days

Today is 08/01/100 Remember this is a computer scan only

S&P Closed 1438.10
S&P Change 7.250

Recomandation Price Stoch. RSI RSI RS
Change ROC%

SELL SIGNAL ON BS 4.500 90.770 68 -6 -8
BUY SIGNAL ON FTU 26.188 18.843 42 3 3
BUY SIGNAL ON INTU 35.000 12.313 38 4 5
BUY SIGNAL ON K 27.000 13.815 43 8 7
BUY SIGNAL ON KYO 147.500 21.011 41 1 4
BUY SIGNAL ON MAY 24.063 15.560 36 3 0
BUY SIGNAL ON S 31.000 8.941 39 7 144
BUY SIGNAL ON SNE 92.938 14.433 42 -1 1
BUY SIGNAL ON SUB 25.125 23.575 45 5 3
BUY SIGNAL ON TMX 51.500 10.711 38 -1 13
BUY SIGNAL ON UAL 53.000 11.966 41 -3 0
BUY SIGNAL ON BBH 176.875 17.788 49 7 2809
BUY SIGNAL ON IOM 3.750 10.433 45 -1 6
BUY SIGNAL ON KF 13.375 14.534 44 6 7
BUY SIGNAL ON TBH 91.625 12.545 41 1 7
BUY SIGNAL ON ECIL 36.000 23.226 51 1 5
BUY SIGNAL ON TTH 68.500 9.192 32 4 14
BUY SIGNAL ON SBUX 37.938 30.201 49 2 10



To: Stcgg who wrote (57594)8/1/2000 11:12:43 PM
From: NucTrader  Read Replies (1) | Respond to of 99985
 
BIG WAVE 1 DOWN -

Top 5133 (3/10), W1-1 down to 4455 (3/16), W1-2 up to 5079 (3/24), W1-3 down to 3227 (4/17), W1-4 up to 3900 (5/1), W1-5 down to 3043 (5/24)..

Let's see: Using W1-1 down to predict W1-5 (from above data), we get (5133-4455 = 678). 678 x 1.618 = 1097. 4455-1097 = W1-5 of 3358. It was actually 300 points lower. If we rough out our current W1 (of III) down the same way, we get (4282 - 3643 = 639); 639 x 1.618 = 1033. 3643-1033 = 2610 as a guesstimate of the minimum down. Any other methods out there?



To: Stcgg who wrote (57594)8/1/2000 11:36:11 PM
From: John T.  Read Replies (2) | Respond to of 99985
 
Elliott Wave Count on Nasdaq Composite

Here's a chart showing Prechter's wave count on the Nasdaq Composite:

home.swbell.net

Prechter's wave count is slightly different from yours, but it agrees with your count in that we just finished wave 1 of wave (3) down.

Under Elliott Wave principles, wave 3 is never the shortest wave in an impulse. Assuming that the low on 7/31 was the bottom of wave 1 of wave (3) down, then wave 1 declined 673.27 points. Therefore, wave 3 of wave (3) down must fall by at least 673.27 points.

At this time, we don't know when the present ABC correction will be completed. However, assuming that wave 3 of (3) down begins at 3750, then the bottom of wave 3 of (3) would be at about 3076.73. The May, 2000 low was at 3042.66. This is a minimum target for wave 3 of (3).