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


To: James F. Hopkins who wrote (16179)6/6/1999 2:24:00 PM
From: Tai Jin  Read Replies (1) | Respond to of 99985
 
Does anyone see the similarity between the peaks of last April/August and this January/April in the Nasdaq? There's also the regularity of a 9 month cycle in the last four corrections. Each correction brought the index below the 50 week MA. The current cycle ends in July/August. If we don't break the cycle then I'm expecting a 16-26% minimum correction from the April peak.

...tai