Replies to post #4529 on MDA - Market Direction Analysis (MDA)

[John R. Haley]

Augie, you drew it like I said it. Just goes to prove that a picture is worth a 1,000 words!

WRT my illegal impulse wave. Did your doggie sniff that out for you or did you find it yourself? You got me on that one!!!

No comment on the grey vs blue. You sound just like my wife who made me change my sweater before I could leave the house today.

Best to all,

JRH

[Bernard Ng]

Hi augie, I guess only if the current bounce can take us back to the Jan high, we will then get the C you projected. Else, I think it looks more like your projected path without the B-C, i.e. only the breakout at B. If that works out, the current bounce won't last long, we should get ready for the bear suit again.

signed,
Bernard