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 681.92

-0.7%

Dec 31 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HairBall who started this subject	9/22/2000 7:23:55 AM
From: HairBall	Read Replies (1) of 99985

Good morning all: I had to take a few moments this morning to check my holdings after hearing of the INTC warning. Market looks primed for a gap down open tomorrow. My stuff looks in pretty good shape. I am going to miss the action...<g> I also want to thank all for the words of sympathy and encouragement expressed both publicly and privately. I will be away from my desk for the most part today, but decided to invest a little time uploading some charts for your review. I trust they will be of some use... My WOW - NYA (NYSE Composite) Daily Semi-Log Chart The NYA has been trading near the upper band of its 82 Rising Trading Channel in the form of a Rising Wedge. It recently broke down out of that wedge and with the Intel warning the 94 Rising Support Line is at risk. The NYA could decline considerable and still remain in the 82 Rising Channel. marketdirectionanalysis.homestead.com My WOW - COMPX (NASDAQ Composite) Daily Semi-Log Chart As many of you know, I have been expecting the COMPX to move back into the 90 Rising Trading Channel and have described this move up off the May low as a counter trend rally. The Intel warning moves the NAZ a little closer to that expectation. I'll keep discussion of the 74 Rising Trading Channel on the back burner for now...<g> marketdirectionanalysis.homestead.com My WOW - INTC (Intel) Daily Semi-Log Chart With the Intel warning, I thought I would post my WOW chart. Intel could fall considerable and still remain inside the 94 Rising Trading Channel. Intel’s chart reveals declining price action prior to the warning yesterday with a struggle around the 200-day SMA. Something to note would be the declining volume for months. An additional decline in the price should not be a surprise. marketdirectionanalysis.homestead.com My WOW - QCOM (Qualcomm) Daily Semi-Log Chart I have posted a few QChart charts of QCOM as of late, but I thought with the Intel warning it would be of value to post my longer-term WOW chart for a change. This longer-term chart reveals the steep rising trading channel from which the Q has correct. It appears to have found a bottom on July 11th and began a basing process in the form of a consolidation triangle. Evidenced by the chart, QCOM recently broke above that consolidation. The upper trend line of that basing triangle should hold as support, barring a complete market meltdown. marketdirectionanalysis.homestead.com How to Interpret My Charts marketdirectionanalysis.homestead.com Regards, LG Disclaimer: The above is my opinion only and I reserve the right to be wrong. Do not base any investment decision solely on any one person's views or analysis. Do your own research and take responsibility for your investment decisions.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next