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

To: pater tenebrarum who wrote (13706)	5/12/1999 8:28:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Ketchup Zoologist -g- I don't usually try to forecast fibonacci price moves based on waves. One rule though is that wave 3 cannot be the shortest wave, so if the move from the feb low to the mid april high is wave 3 from the September low, the next leg up from the recent bottom should be shorter than that leg and you would call leg 1 into January an extended wave. Another question is did we start a new sequence in the nutz on 9/1. The XBD is another question. The correction into mid December really throw a zag at the wave counts. I made the mistake of understand the power generated by the triangle in the Dow from Jan thru early March and the ensuing retest of that triangle on 3/24, I dont' want to make that same mistake on indexes that are now showing similar patterns, like .spcs, .spst and the techs. eraserhead