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

To: bobby beara who wrote (14651)	5/22/1999 4:08:00 PM
From: bobby beara	Respond to of 99985

Anybody remember this chart of one of the premier growth stock funds. bway.net It appears now this wave count was quite accurate and janus twenty peaked on Bradely day April 6th along with mega cap tech growers like msft aol sunw, lu, also a fibonacci 34 days from the 3/3 liftoff. current chart shows that the triangle has broken decisively to the downside, also the trendline off the october and april 19th low has been violated (which coincidently came in contact with the pinpoint of the triangle. bigcharts.com fibonacci retracements of the move from october low .382, .5, .682 would put us respectively at the march 3rd low, slightly below the january low and the December 1st low. after looking further at the oils, it is possible that we are putting in a right shoulder of a H&S pattern on stocks suchs as xon and mob. stops are in order. a great argument for using mechanical stop losses and using discipline to eliminate emotional responses. %loss of capital % gain required to recover 5 - 5.3 10 - 11.1 15 - 17.6 20 - 25.0 30 - 42.9 35 - 53.8 40 - 66.7 45 - 81.8 50 - 100.0 this is especially true for net plays that can lose big quick. all disclaimers apply bb