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

To: HairBall who wrote (6070)	2/11/1999 9:50:00 AM
From: John Pitera	Read Replies (1) \| Respond to of 99985

LG, Right you are the range breakout numbers are very straight forward Peter E has show in his latest letter that we have a very important cycle turn of the 108-109 week cycle using George Lindsay's methodology that you can get a cycle that gives you a series of bottom 109 wks apart and then to resolve a bull move you get a top on the last cycle turn of the sequence we may have seen just that on the Jan 8th top..... he outlined a series of important market lows occuring at the 109 week cycle low date. if we leave the congestion area 9063--9650.. it will add magnitude to us being in a bear mkt if we break down through 9063.... Or conversely if we break above 9650..we should have a new bull leg with targets that should easily be over 10K and possibly 11K within 3-5 months.