MDA - Market Direction Analysis

[LG]

augieboo: Very nice chart...

I was originally looking for more of a move down (your zone 4), before the 10/15 decline bounce developed into more than a bounce and became a prolonged topping process resulting in only slightly higher highs. Now I suspect the correction will terminate somewhere from the 38.2 to the 50% retrace levels (your zone 2 & 3) or the Oct02 RSL, which ever come first...gg

Regards,
LG