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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Benkea who wrote (50229)5/10/2000 7:28:00 PM
From: HairBall  Read Replies (2) of 99985
 
Benkea: I don't have time to comment on the chart, but here is my intraday NDX...give it your own read...<g>

My NDX (NASDAQ 100) 60-Minute Semi-Log Chart
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 (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, but on occasion are used to depict longer-term formations as well.
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Regards,
LG
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