MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.21

-1.1%

4:00 PM EST

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To: dennis michael patterson who wrote (36984)	1/7/2000 6:43:00 PM
From: Fun-da-Mental#1	Read Replies (1) of 99985

Candles vs. Trendlines... check these charts of the Nasdaq and TYX. Nasdaq has dropped below lower support line - now resistance - but has come back to challenge it with a big bullish candle, and closed right on resistance: 207.61.23.98 TYX has gapped up above upper resistance line - now support - but has come down to challenge it with a bearish candle, and closed near resistance (in this case gap resistance as well as trendline resistance) 207.61.23.98 Fun-da-Mental

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