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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.47+0.6%Nov 28 4:00 PM EST

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To: HairBall who wrote (33637)11/18/1999 9:45:00 AM
From: HairBall  Read Replies (2) of 99985
 
To KM and Tom Hoi: Here are the charts I promised. I did not have the time this AM to place comments on the charts.

The ORCL daily and intraday charts seem to agree on a pullback
.
My QChart - ORCL Daily Semi-Log Chart
homestead.com

My QChart - ORCL 60-Min Semi-Log Chart
homestead.com

The VRSN daily chart is signaling a pullback soon, but the intraday chart reveals there could be a pause or even some upside movement first.

My QChart - VRSN Daily Semi-Log Chart
homestead.com

My QChart - VRSN 60-Min Semi-Log Chart
homestead.com

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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.

Light blue lines are previous formations.
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I hope these help!

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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