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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: SouthFloridaGuy who wrote (45170)	4/6/2000 2:04:00 AM
From: Michael Watkins	Read Replies (3) of 99985

Hey S.O., good to see you posting. intelligentspeculator.com An updated COMPX internals wallpaper chart. I'm still a little amazed at how quickly the Nasdaq hit the downside targets (the bottom of the previous trading range), certainly indicative of how unstable things really are. Perhaps a sense of relief will engender bullishness too fast -- a repeat and worse performance may not be far off. Wednesday the market made a higher high (barely) and low today on the daily, end of day shorts can follow the up bars underneath with a sell stop. Would expect resistance underneath the upper trading range / Oct 18 99 trend line. --- Watching also the dollar closely as it continues to consolidate just above a trading range dating back to July 99. It looks poised for a big move, too soon to tell where. Soon however I think we should know.

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