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

To: StockOperator who wrote (2175)12/17/1998 11:18:00 AM
From: John Pitera  Respond to of 99985
 
S O, I have to agree with you that if you look at the E wave structure
of the S&P 500 on the 60 minute chart it looks like it completed
an A-B-C at 1136 like Donald's friend predicted, and we head higher,

also with the DJIA hitting its 200 Day MA you would expect it to rally
back to 9000-9100 @ a minimum.

The picture of the next year does indicate a lower market, but Jerry
Favors may be very right about market having room to run to the upside
in the first couple of months of 1999.

Best Regards,

John



To: StockOperator who wrote (2175)12/17/1998 7:28:00 PM
From: Gwolf  Read Replies (1) | Respond to of 99985
 
Stockoperator, false breakouts can be a killer, I wouldn't bet my life on those breakouts with the internal dynamics eroding. You can't tell a house has termites just by looking at it but you sure know there is a problem after it's fallen down.

Gwolf


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