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

To: Stcgg who wrote (61925)	11/6/2000 3:57:06 PM
From: sandeep	Read Replies (1) \| Respond to of 99985

Stcgg, you are probably going to get a close above 10955 today. Now what ? Are you a bull now ???

To: Stcgg who wrote (61925)	11/6/2000 4:30:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 99985

You use close, I use print--regardless, the important thing is that the drop from 10995 was a 3 wave abc move--so it was a 4. Prechter is now going to try and sell the entire move from the Spring low as a 3-3-5 Wave 2 Flat--but it won't wash. The Flat was the entire 10 month structure from 11750 down to the Oct18ish low--ie it's over and new highs will soon occur in the DJ-We are due for a partial retrace anytime in here (nyse breadth was lousy today)--but it will run up again--my 2c

To: Stcgg who wrote (61925)	11/6/2000 6:19:50 PM
From: el paradisio	Read Replies (2) \| Respond to of 99985

Stcgg...So,it did close above 10,955...the recent run is a normal reaction to the abandoned baby pattern. The same pattern you had on YHOO or recently on SAWS. I think,Dow may drop as fast, as it went up almost 1400 points... Ndx and Nasdaq...resistance gap is still in play,which I mentioned a few days ago. Regards, el