MDA - Market Direction Analysis

[deuce bigalow]

1. NAMO is currently at or near the end of a little five wave down thingie.

2. This five wave down thingie is itself the third wave of a larger five wave down thingie.

3. Thus, as soon as this little five wave down thingie ends, we should see a little three wave up thingie, followed by another little five wave down thingie, thus completing the larger five wave down thingie.

Does this make sense at all? <<<

yes it does - i've been watching that and the index counts, one would think there would be a 4th wave rally maybe even back to the zero line on the oscillator, but the market has been gapping down since the top in late august and sellers are in control, there is also the potential that the 4th wave will just be a tiny blip countertrend rally that will last only one day or 3 days.

if that wave count plays out the five wave count into the next bottom should provide a huge buying opportunity.



the oscillator count follows the put/call count, maybe todays call buying binge (-lol-) .84 was the end of wave 4, we'll see -lol-