MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: IndexTrader who wrote (41233)	2/24/2000 3:17:00 PM
From: HairBall	Read Replies (1) of 99985

Index Trader: Ok, I have that ascending trend line as well, but per my chart (semi-log...actually I checked it both ways) it was not exactly at 1370 at the pivot point. Also it is/was a moving ascending target. I usually point that out. Trend lines are moving targets and the actual level at which the intersection between trend line and price takes place is greatly influenced by the dynamics of the price action...<g> However, I am not trying to minimize you call...recognizing that falling resistance line as first primary resistance was on target. Regards, LG

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