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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.83

+0.3%

4:00 PM EST

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To: HairBall who wrote ()	3/20/2000 8:54:00 PM
From: HairBall	Read Replies (1) of 99985

This evenings charts and my take for those that find if of value... My QChart NYA (NYSE Composite) 60-Minute Semi-Log Chart The decline began as expected today. Look for it to continue tomorrow. marketdirectionanalysis.homestead.com My QChart COMPX (NASDAQ Composite) 60-Minute Semi-Log Chart The decline began as expected today. Look for it to continue tomorrow. marketdirectionanalysis.homestead.com My QChart SPX (S&P 500 Composite) 60-Minute Semi-Log Chart The decline began as expected today. Notice the bounce at the previous descending resistance line, now a falling SRL. Look for it to continue tomorrow. marketdirectionanalysis.homestead.com ------------------------------------------------- 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 (SRLs) 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. ------------------------------------------------- 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 any one person's views or analysis. Do your own research and take responsibility for your investment decisions. QChart/QFeed Disclaimer: Although I currently continue to use this service I can no longer recommend it in good faith, as the service has become unreliable, IMO.

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