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


To: bobby beara who wrote (65785)1/3/2001 11:48:00 PM
From: herringbone_100  Read Replies (1) | Respond to of 99985
 
bobby beara,
<that 5-3-5 elliot abc correction into the october 2000 low, with a diverging higher low off a cratered a/d line going into march>
are you familiar with 'Fenkel'? i am not really, but listening to his realaudio, he sounds like an elliot guy -his comments re nasd:
the 'wave c' completed low today at 2252 and he expects to see 3535 within a few weeks and 5152 by April
this seems outrageous, doesn't it?? give it a listen and see if it jives with anything you described in your post...
regards.
ladenburg.com



To: bobby beara who wrote (65785)1/3/2001 11:49:59 PM
From: KymarFye  Read Replies (2) | Respond to of 99985
 
at the chuklereyser annual year end meet all the 2000 top guys were presenting price targets that were sideways for ought one

noticed that, too. I recall that the highest price target for the Nasdaq - year high, not close at end of year - was 3028 or so. I guess the lady was contemplating an agonizing failed re-test...



To: bobby beara who wrote (65785)1/4/2001 7:27:33 AM
From: HairBall  Read Replies (1) | Respond to of 99985
 
bobby beara: Maybe chicken little is into sheep...<g>

Regards,
LG



To: bobby beara who wrote (65785)1/4/2001 8:28:12 AM
From: HairBall  Read Replies (2) | Respond to of 99985
 
bobby beara: Three words....counter trend rally! I expect the Sept 1, 2000 Falling Resistance Line to give way, it is just to steep to be maintained.

Depending on how fast the COMPX moves up, will depend on how high it goes. If it moves slower, it could go higher. Just guessing, but possible tops (if not sooner)...3352.18 (Early April) or 3521.14 (Mid to Late July)!

Regards,
LG