MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: James Strauss who wrote (48517)	4/28/2000 1:01:00 PM
From: HairBall	Read Replies (1) of 99985

James Strauss: We are witnessing divergence once again. As you have noted pressure seems to be mounting for a continuation up at least in the COMPX in the face of bearish chart patterns. The NYA continues today to consolidate its move down and out of its rising wedge yesterday. I suspect the market is going to give us a definitive move this afternoon. Folks on the wrong side of the fence will need to be nimble, while keeping an eye out for additional "head fakes"... Folks less nimble should be careful trying to gain advantage in a market so volatile! Using the SP & NAZ Emini for grounding, the SP Emini has paused its move down at the lower trend line of its rising wedge. The NAZ Emini while breaching the upper trend line of its triangle found resistance at the falling resistance line (green) on the charts I posted yesterday and has been trailing down that line since the gap up this AM. The market should let us know true direction soon and I suspect by a definitive move this afternoon. Have a great trading day... Regards, LG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next