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

To: HairBall who wrote (68195)	1/31/2001 11:26:12 PM
From: KevinMark	Respond to of 99985

We'll do, LG. regards, KM

To: HairBall who wrote (68195)	2/1/2001 12:01:13 AM
From: Stephen	Respond to of 99985

fwiw ... Faithful readers may recall that when we last updated views of The Elliott Wave Financial Forecast, the newsletter had predicted the next Fibonacci turn date would come at the end of January. Again, the turns are designed to identify when short-term changes will occur, not which direction the market will go, the theory being whichever direction the market is going heading into the turn date, it will reverse course thereafter. The market has been "rallying strongly into the window," co-editor Steve Hochberg said today. Thus, "this [turn] will mark a high" for the major averages. We'll have to see how that prediction unfolds, but note the "fade" call dovetails with the most recent predictions of Don Hays of Hays Advisory Group. Dang, and just when I was learning to stop worrying and love the market. from tsc ... Regards Stephen