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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.76-1.1%Dec 12 4:00 PM EST

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To: TRINDY who wrote (41928)3/1/2000 8:49:00 PM
From: HairBall  Read Replies (1) of 99985
 
TRINDY and ALL: Here is a chart of the NAZ Emini Futures at the close today....

My QChart NASDAQ Emini (March Futures Contract) 15-Minute Semi-Log Scale Chart
Note the little falling resistance line from todays high held all day. The NAZ Emini stayed within its longer-term rising wedge. The COMPX (NASDAQ Composite) gapped up and above the rising resistance line of its rising wedge and stayed there all day. Looking at the futures as I type the NAZ Emini is down approximately 15.00...hopefully tomorrow will reveal if this was a head fake for the COMPX or a break out...
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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