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

To: bobby beara who wrote (65475)	12/29/2000 6:02:23 PM
From: Gary Burton	Respond to of 99985

Bobby--We may well do as you suggest--I'd put the odds at about 40% re a new print low--to say 2150ish---But first I think we have a date with the downtrend line at about 2750ish where it will likely stop if it's only a C Wave--there is a second dn trendline at about 2900ish wherby if we tag that one it might be a wave 3 of a larger up sequence. Hard to say at this point obviously---The key thing to note however that one can clearly deliniate 5 little subwaves up from 2288 to this am's high of 2577--that means that after a retrace, another 5subwaves up will likely take place that will exceed 2577---this afternoon we retraced about 50% of the first rally off the lows, so we could easily turn around from here or slightly lower on Jan2 and then embark on the second leg--The quality and strength of this second leg will be critical in ascertaining whether or not a new low may be subsequently coming..Even if only another bear mkt rally, I think we did the A up to 2577, the B down to this pm's low of 2456 (could open a bit down on Jan2) and then we should start the C

To: bobby beara who wrote (65475)	12/29/2000 6:06:43 PM
From: NucTrader	Read Replies (1) \| Respond to of 99985

>>i think we will see new lows in nasdaq next week, i think we began fifth wave down today from 3000 top.<< I'm CERTAIN you're correct bb, since I used 27% of my cash to buy the close today. Cyclepro has us in an extended 3rd if I understand his count correctly, but either way, it's down from here by your or his EWA. Hope it's not as severe as EWA is predicting, at least not before giving me a chance to get out! ;-) geocities.com

To: bobby beara who wrote (65475)	12/29/2000 6:58:08 PM
From: Benkea	Read Replies (2) \| Respond to of 99985

Another 52 week high: finance.yahoo.com :-)

To: bobby beara who wrote (65475)	12/29/2000 10:51:55 PM
From: Casaubon	Read Replies (1) \| Respond to of 99985

Yah BB, you may be right. I thought we were going to have a stronger counter trend rally and close some gaps on some market leaders. Such action would have been more bullish for their longer term health. Now what will happen is that there will remain some overhead supply if and when those stocks approach those levels again. This will draw out more sellers in a longer timeframe. Could someone post which utilities might be beneficiaries of this situation. TIA.

To: bobby beara who wrote (65475)	12/29/2000 10:59:58 PM
From: Dave Kiernan	Read Replies (1) \| Respond to of 99985

OT...or is it? It's no wonder his friends and neighbors were curious. Just three years ago, Zanger, 47, was paying his bills by working in Beverly Hills as a swimming pool contractor, building Hefner-worthy tropical fantasy pools for rich and famous clients. In a good year he could make $50,000. Since then his investing, Zanger says, has turned $11,000 in savings into $18 million. That's a gain of 164,000%. "As far as I know," he exults, "it's the world record This spring, Zanger says, he moved most of his assets into cash, shielding him from the tech meltdown. There the money will remain until his charts tell him the worst is over. fortune.com