MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.72

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Jan 5 4:00 PM EST

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To: HairBall who wrote ()	3/13/2000 11:55:00 PM
From: HairBall	Read Replies (1) of 99985

To All: A couple of charts for your review.... My QChart COMPX (NASDAQ Composite) 60-Minute Semi-Log Scale NAZ still in a topping process. Distribution seems to be falling off. I suspect that signals a top is in or close. Rising wedge in play, again! marketdirectionanalysis.homestead.com My QChart NYA (NYSE Composite) 60-Minute Semi-Log Scale Bearish Pennant in play. marketdirectionanalysis.homestead.com Note: Chart formations are not 100%. I suspect we will be seeing both Composite fall in unison! ------------------------------------------------- My QChart Trend Lines Green lines are resistance trend lines or resistance horizontal price action areas. Red lines are supportive trend lines or supportive horizontal price action areas. Gray lines (SRLs) are either resistance trend lines, resistance price action areas, supportive trend lines or supportive price action areas that have been broken. They can now act as either support or resistance depending on price action. Dark blue lines are formation lines. Light blue lines are previous formations. ------------------------------------------------- Regards, LG Disclaimer: The above is my opinion only and I reserve the right to be wrong. An overall market expectation is just that and should not be used in exclusion of the evaluation of individual equities or other investment instruments. Do not base any investment decision solely on any one person's views or analysis. Do your own research and take responsibility for your investment decisions.

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