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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.43+1.6%4:00 PM EST

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To: Fun-da-Mental#1 who wrote (41729)2/29/2000 9:35:00 AM
From: HairBall  Read Replies (1) of 99985
 
FDM: Thanks....Some charts to kick off the day...(for those of you that find them of use)...<g>

My QChart SPX Emini Futures March Contract 60-Min Semi-Log Scale
Keep an eye on the falling wedge (dark blue lines).
marketdirectionanalysis.homestead.com

My QChart NAZ Emini Futures March Contract 15-Min Semi-Log Scale
If a down trend is to begin, the falling resistance line (dark green) needs to hold. If the rising support line (red) is broken a pullback should emerge.
marketdirectionanalysis.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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Regards,
LG
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