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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 675.24-1.2%Nov 4 4:00 PM EST

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To: Kemo Sabe who wrote (67561)1/24/2001 10:59:17 AM
From: HairBall   of 99985
 
Kemo Sabe: Hello again...A Couple of Intraday Charts...

My Intraday/Daily Charts – COMPX (NASDAQ Composite) 30-Minute Semi-log
My short-term intraday technicals are in the overbought range with the medium and longer-term intradays lagging. This implies that there is room for more upside, as an overbought conditions begins to build, but we could see a pullback begin at anytime. If an intraday decline delays it could set up situation where my medium-term intraday technicals begin to enter the overbought range as well. The more of my various time interval technicals that line up most often the stronger the pullback and the more likely the pullback.
lgscharts.homestead.com

My Intraday/Daily Charts – NYA (NYSE Composite) 30-Minute Semi-log
My short-term intraday technicals are in the overbought range with the medium and longer-term intradays lagging. This implies that there is room for more upside, as an overbought conditions begins to build, but we could see a pullback begin at anytime. If an intraday decline delays it could set up situation where my medium-term intraday technicals begin to enter the overbought range as well. The more of my various time interval technicals that line up most often the stronger the pullback and the more likely the pullback.
lgscharts.homestead.com

Note: With both sets of intraday techincals lining up similarly, it is possible we may see a combined pullback rather than what appears to be rotational declines as of late.

How to Interpret My Charts
marketdirectionanalysis.homestead.com

Special Note: As many of you are likely aware, some SI sweethearts are accusing me of posting under more than one alias. It comes as no surprise to me, that SI Bob is trying to prove them correct. I have never posted as someone else, but I don’t think the truth is necessarily important. I asked SI Bob if he is going to suspend an account to suspend my account rather than continue to go after "ibg".

Good trading all and if this is my last post, I wish you all the best of luck.

Regards,
LG
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