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Strategies & Market Trends : MDA - Market Direction Analysis

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To: HairBall who wrote (28920)	10/9/1999 1:50:00 PM
From: HairBall	Read Replies (2) of 99985

To All: I do not like to give investment advice on individual issues, heck I am no guru. On occasion I get approached and usually I decline, but I decided to share some of one of my latest responses to a request... -------------------------------------- I do not see a reverse head & shoulders pattern. But I did spot a normal one. Keep in mind that h&s patterns are normally not very reliable. Rather than give you advice this time I decided to plot a QChart Daily Semi-log Chart for you and let you make up your own mind. homestead.com ------------------------------------------------- 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 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. ------------------------------------------------- Be sure and save the chart if you want to refer back to it, as I will erase in the near future. Regards, LG

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