MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: HairBall who started this subject	7/7/2000 10:43:38 AM
From: HairBall	Read Replies (1) of 99985

NDX <----- Finding resistance at its 50% Retrace level (3856.81). COMPX <----- Slight penetration of its slightly rising trading channel, but found resistance just above. COMP <----- Found resistance a little below the falling upper trend line of its in play triangle. INDU <----- Penetrated the falling upper trend line of its in play triangle, but has found resistance there. NYA <----- Rose above its most recent controlling falling resistance line, but found resistance at the Mar 00 Rising SRL. SPX <----- I'll have to post a chart later it will be easier to explain, but it found resistance as well...<g> Now let's see if these resistance areas hold... I am playing the initial repel...hoping it turns into more...<g> Regards, LG

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