MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: UnBelievable who wrote (53007)	6/4/2000 5:43:00 PM
From: Les H	Read Replies (1) of 99985

He's using the Value Line Geometric (XVG) which does have a four-month coil. The Value Line Arithmetic (VLE) has already broken out to highs but is still trading at 1092 in a rising channel since the October lows. It's close to the top of that channel. If it breaks above that, there's resistance about 5% beyond that at the trendline connecting the April 98 and July 99 highs in a pattern that appears to be a rising wedge.

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