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

To: bobby beara who wrote (8561)	3/21/1999 2:31:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

One stinky elliot wavers possible short term wave count: iqc.com From the 3/3 turning point low which I am started the leg up out of the ABCDE consoldation pattern in January and February on the SPX, you can count five waves up into 3/9, the extreme vertical trend was broken, then you can count another five wave advance into the Friday midday peak, which was the fifth wave of wave three. iqc.com On a short term basis you can see a five wave move from 3/17 to the 1322 peak and you can see 3 legs down with two countertrend ABC rallies from the peak, which should signal we may have made a bottom on Friday or will have some follow thru selling AM Monday in which 1296 should be support which should start a rally or a sideways consolidation. I believe the topping process has more wind in it and we may see at least one more attempt to close above 10,000, and possibly a few more, before a final thrust fifth wave which could close above 10,000. I am looking at 3/24 and 4/1 & 4/3 & 4/6 as possible topping dates. and death guy if you don't like my read then your a . . . quote.yahoo.com and a . . . quote.yahoo.com and downright . . . quote.yahoo.com -g- bb