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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 684.45+0.1%4:00 PM EST

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To: Chris who wrote (5015)1/30/1999 2:15:00 PM
From: Lee Lichterman III   of 99985
 
>>, i just found a new trendline on the naz that can be a big resistance... <<<

Keep it simpler than that. If youare using a semilog scale, connect the highs starting at Nov 11 through Jan 20. It will touch and act as resistance on Nov 20, 27, 30 and Jan 11th as well. The more contacts and reversal off a resistance line the better!

See the regular NASDAQ chart on my site (NOT the monthly or long term)

Lee
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