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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%4:00 PM EST

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To: HairBall who started this subject11/13/2000 4:08:34 AM
From: HairBall  Read Replies (3) of 99985
 
To All: I had to leave town unexpectedly and just returned a couple of hours ago. I was unable to update my web site this weekend as stated I would in my earlier post, sorry! I will make the time to update it later this week.

Before trying for a few hours of shut eye, I decided to at least put up a few charts.

Those of you that have been reading this thread for the last couple of years and or have been visiting my web site have seen these charts develop. The rising trading channels have been illustrated on my charts since Jan 99. I have noticed a few others have recently began to "discover" my trading channels...<g>

My End of Day Chart – NYA (NYSE Composite) Daily Semi-log Chart
marketdirectionanalysis.homestead.com

My End of Day Chart – COMPX (NASDAQ Composite) Daily Semi-log Chart
marketdirectionanalysis.homestead.com

My Intraday Chart – COMPX (NASDAQ Composite) 60-Minute Semi-log Chart
As posted on Oct the 19th the COMPX rose to find resistance at the Madonna Cleavage and began to form a bearish triangle consolidation pattern, which I illustrated on previous charts posted to this thread.
Message 14614382
Message 14615688

marketdirectionanalysis.homestead.com

How to Interpret My Charts
marketdirectionanalysis.homestead.com

Futures are down some as I type. I am way to blurry eyed to type in commentary this morning. Some or looking for a continuation to the down side and some are looking for a bounce. I think we will see both. Don’t lose a good part of your nest egg trying to be to fancy. If you are going to gamble do it with the high-risk portion of your portfolio! Even if you get it completely right, during strong market volatility it is not always easy to get in and out of positions when you want, online brokerage web sites go down and phone lines get tied up. Be careful out there, trade smart!

Good trading all...

Regards,
LG
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