MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: HairBall who wrote (29570)	10/14/1999 10:31:00 AM
From: HairBall	Read Replies (1) of 99985

To All: The OEX charts show the SRAs I was talking about yesterday and more. The TYX chart reveals the rising wedge in play off the Oct 98 pivot point in rates. QChart - TYX (30-Year Bond Rates) Daily Semi-Log Chart The SRL (rising gray line) previous rising support line, which has since reversed to become resistance is coming into play. In addition, the rising wedge continues to narrow. homestead.com QChart - OEX (S&P 100 Index) 15-Minute Semi-Log Chart Note the price action around the SRAs (Horizontal Support/Resistance Price Action Areas) It is more obvious with short time intervals. 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. ------------------------------------------------- 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 anyone person's views or analysis. Do your own research and take responsibility for your investment decisions.

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