MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.31

-1.1%

Nov 6 4:00 PM EST

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To: flatsville who wrote (60556)	10/13/2000 3:02:04 PM
From: HairBall	Read Replies (1) of 99985

COMPX <----- Looking at the 5-min semi-log chart, there is a rising wedge pattern that began with todays opening 5-min bar low. Couple this with price action intersecting the resistance provided by the lower trend line of the previous falling trading channel plotted on the COMPX QChart I linked earlier. NYA <----- Testing the sharp declining resistance line from the 10/6-10/10 intraday highs extended down and right. Note: The above is based on semi-log scale charts. An intraday pull back is very close...OR...I could be wrong...LOL EDIT: Funny how these elements seem to be coming together right about 3pm ET...<g> Regards, LG

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