MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: HairBall who wrote (70338)	2/24/2001 10:30:27 AM
From: HairBall	Read Replies (3) of 99985

COMPX Intraday Chart... My Intraday/Daily – COMPX (NASDAQ Comp) 65-Min Semi-log Chart As my multiple time frame intraday technicals finally all lined up as the price action intersected the support line of the in play falling trading channel (dark blue lines) this Index bounced. I did not have the following Fib retrace levels plotted on my chart this week or it would have added weight to the expected rebound first Thursday, then Friday. However, noted from a post on the SA2 thread, the Friday low came in the area of the 61.8% Fib retrace plot from the 1990 lows to the 2000 highs. My number may be off a few hundredths as I had trouble getting Qcharts to anchor exactly at the 90 low. marketdirectionanalysis.homestead.com How to Interpret My Charts marketdirectionanalysis.homestead.com Regards, LG

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