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

To: t2 who wrote (80454)	7/18/2001 6:40:09 PM
From: eichler	Respond to of 99985

Yeah, I posted it as a favor to a lurker... Look's pretty scary...not sure if it is a valid view with those trendlines going straight to H---, but it is interesting... I would be inclined to think as I mentioned that a low should be within our sights here. Thinking for the moment that the April low was probable bottom. Thinking the 62% retrace (1889) of 4/4 low to 5/22 high is a valid target, and a bounce should occur. Not sure if the gap fill at 1975 will provide a bounce, but it could. Best, Eichler