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Strategies & Market Trends : MDA - Market Direction Analysis

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To: HairBall who started this subject	8/28/2000 10:59:58 AM
From: HairBall	Read Replies (2) of 99985

A look at the most under used Indice of them all would have helped with the noise....lately! <gg> My QChart COMP (Dow Jones 65 Composite Index) 60-Min Semi-Log Chart Note: An intraday pullback from the 8/14 high should be expected and appears to be in progress as I uploaded this chart and prepared this post. marketdirectionanalysis.homestead.com You will be able to see my charts and commentary once again before the fact in September on my Market Direction Analysis web site. Notices of updates will be sent out via Email. Each update notification will include the current password to my chart and commentary pages. A link to my web site is in my SI profile. ------------------------------------------------- My QChart Trend Lines My charts are screen captured at (1024 x 768) and are best viewed at that resolution. 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, but on occasion are used to depict longer-term formations as well. Note: Some of the trend lines that appear on my charts may have been establish by one or more price action points not shown in the current view or snapshot. ------------------------------------------------- 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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