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


To: bobby beara who wrote (8799)3/23/1999 1:33:00 PM
From: Arik T.G.  Read Replies (2) | Respond to of 99985
 
BB,

Replayed it several times to my enjoyment.

The bearish count from Friday morning highs is:

1 is a 5er to Monday's low
2 took most of Monday- an ABC with the B an ABC
3 started Monday before the close

Today's morning sell off might have only ended 1 of 3, 2 of 3 being the 2 hours quite flat correction until 12:30, and if we're going to new daily lows now it's the 3 of 3. A new daily low before 13:45 means Run for your lives.

Your Atomic wake up call this morning was very timely.

ATG