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

To: HairBall who wrote (4811)	1/28/1999 8:52:00 AM
From: S. Chiang	Read Replies (1) \| Respond to of 99985

NSDQ100 is up big. Internuts are "slightly" up with YHOO 15+, AMZN 4+, which are not that impressive compared to the past few days runup. What surprises me is INTC, which is up 5+. Any news? Is Intel going to sell chips thru internet? SC

To: HairBall who wrote (4811)	1/28/1999 9:04:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

LG, >>>>> Seems we could use a road map with all the trend lines and chart patterns...will the real chart pattern please stand up...<<<<< I am also not sure which one of the numerous chart patters is the correct/main one. But the key is that they all appear to come to being dissolved shortly. So far we have identified 3 PITCHFORKS, a BIG WEDGE, a SMALL RISING WEDGE or a DESCENDING TRIANGLE, and a PENNANT with all sorts of junction points and all of them dissolving shortly. I have not seen so many different chart patterns pointing a similar time frame occuring at the same time. seeya

To: HairBall who wrote (4811)	1/28/1999 9:32:00 AM
From: bobby beara	Read Replies (3) \| Respond to of 99985

LG, my elliot analysis on nasdaq. from 10/8 bottom Wave 3 began on 12/3 Wave 5 began on 1/13 panic bottom. I had thought at the time that the rebound and correction on the 14th had completed an abc correction wave 4 and that the 3 wave advance into the 20th was the final leg, the follow up negates this count. The XCI has been trading in a very confined channel all the way up. The 20th pierced the upside channel and created the imbalance to create a fairly decent correction. If we get 40 or more upside points today in the XCI we will create another pierce of the upside channel. The OEX is creating a nice symetrical triangle that could be a b wave indecision pattern that will result in a c wave correction. The triangle needs some more time to complete it's apex. We had a similar pattern in the indexes last april-june, which was also in the mid point of the 9 month cycle. The CRB had a bull trap on Jan 8th and is now making new multi-decade lows and the Hang Seng has broken down. These kind of bull traps in the CRB have marked tops in the markets in 98. bb