Replies to post #8000 on MDA - Market Direction Analysis (MDA)

[JimQuinceH]

<From mid-week last week he was still looking for us to continue to 1170 before beginning the next leg up, if so he's one of the few, I've read who's saying that we are not in for a major correction and were not topping, be ready to put in another leg, on the existing rally> It is my opinion that if we are going to 1170 that will occur on or about July 10th, with the possible leg up into about August 13th. My work, indicates the area of July 10th is ripe for a "change of direction" which I was thinking would be a high, but it may invert and, in fact, be a low.