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Strategies & Market Trends : MDA - Market Direction Analysis

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To: HairBall who wrote ()	3/14/2000 9:44:00 PM
From: HairBall	Read Replies (1) of 99985

To All: Updated charts for your review.... My QChart COMPX (NASDAQ Composite) 60-Minute Semi-Log Scale The NAZ has clearly broken down out of the rising wedge. marketdirectionanalysis.homestead.com My QChart NYA (NYSE Composite) 60-Minute Semi-Log Scale The NYA has begun to fall out of its Bearish Pennant. marketdirectionanalysis.homestead.com Note: Chart formations are not 100%. ------------------------------------------------- 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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