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 689.17

+0.2%

Dec 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Wayners who wrote (66450)	1/10/2001 1:23:14 PM
From: HairBall	Read Replies (1) of 99985

Wayne Van Scoyoc: I don't have time to upload a chart at this time, but the NDX, Emini and QQQ all bounced at the rising support line from the 1-8 intraday lows. This is the next level of support to keep and eye on...and of course, semi-log scale. The negative in play for the NAZ is that the support lines are the support lines for rising wedge patterns formed during the rising price action off the 1-8 lows. That suggest a likely test of the rising support off the 1-3 low, but not a given! At the least a partial retrace of the formation. EDIT: A negation of the rising wedges would obviously be a positive. Regards, LG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next