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


To: bobby beara who wrote (7760)3/8/1999 6:20:00 PM
From: yard_man  Respond to of 99985
 
drooy -- that's the one ... might get a little bit more



To: bobby beara who wrote (7760)3/8/1999 6:31:00 PM
From: Death Sphincter  Read Replies (1) | Respond to of 99985
 
and then there is this chart of the S&P

iqc.com

with what appears to be waves 1,2,3 into Friday morning and wave 4 ending in the afternoon on Friday

subsequent action has the potential smell of a wedgie 5 but even if it is then maybe the whole series is just wave 1 of 5 for the bullish count.....

i keep asking myself, 'what do i want to see to confirm either direction?'...

i will watch to see if this potential wedge proceeds and weigh in the subsequent action.....if it should finish off as a wedge and then retreat as wave 2 then i am looking for a pullback towards 1250ish and if it is 2 of 5 then 3 of 5 should start and be a real rip snorter

will see
BS