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

To: John Pitera who wrote (2177)12/17/1998 12:03:00 PM
From: Debra Orlow  Read Replies (1) | Respond to of 99985
 
John, interesting cycle work stuff, I have been watching for divergences, they are starting to creep up just now on the 5-minute charts which would coincide with a possible high with your cycle work. Short-term stuff, but can always continue. Debra



To: John Pitera who wrote (2177)12/17/1998 2:34:00 PM
From: John Pitera  Respond to of 99985
 
Debra, you'll notice that the cycle inversion continued as we the high
so far today shortly before the 2:05 est.

AS I said its more important to look at the short term cycles as a time turning point and let your other technical work help to tell you
if you are at a high or low. As you pointed out before 2Pm you
were seeing divergences. The idea of of the cycles is to use them as
price pivots that prices slalom around.

Best Regards,

John


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