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


To: bobby beara who wrote (2794)12/25/1998 1:11:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 99985
 
Stock market cycles becoming ever shorter as this parabolic bull nears its final blowoff high. It took about 9 months for the market to go from its 10/97 low to its 7/98 peak. My analysis indicates that the current run will peak between 4.5 months and 6 months from the late September low. Sometime between early February and late March. And the subsequent drop should be 50-100% more severe than last fall's 20% 'correction" -- or 30-40%.

But Dow 10,000 remains a real possibility before this thing finally rolls over.



To: bobby beara who wrote (2794)12/27/1998 7:23:00 AM
From: Arik T.G.  Respond to of 99985
 
BB,

>>Case for a market top

Let me add that one possible EW count can look at the move from 12/14 to 12/23 as the 5 of the move from 10/8, and the on the intraday count that move from SPX 1137 has been completed on 12/23 at 1230.

ATG