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

To: LTK007 who wrote (64038)12/9/2000 3:41:41 PM
From: IndexTrader  Read Replies (1) | Respond to of 99985
 
LTK007,
re: ewave
If a bullish triangle did complete on 11/30 (& I think it did), the minimum requirement is that there be a retracement back to the beginning of the triangle. That would be about 3500 on NDX. If the triangle terminated a larger move, then the entire move is retraced. The guys you heard must believe that this triangle terminated the entire correction from 3/24.



To: LTK007 who wrote (64038)12/9/2000 10:00:58 PM
From: bobby beara  Respond to of 99985
 
LTK007, here is a very nice analysis that backs up "frankly" that the naz has (or is finishing) an ABC correction of the fifth wave up from the 98 lows

Message 14985424

csco's chart lends itself to this analysis, they've kept it above support and it's looking like an ABC bull flag.

207.61.23.99


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