MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: ru2 who wrote (77855)	6/4/2001 2:39:40 AM
From: bobby beara	Read Replies (1) of 99985

Does E wave theory give clues about which fib levels will act as support and resistance? some think so, but i think most traders look at former support and resistance polarizing or former congestion areas as providing support or resistance. the recent gold rally for instance, people became bullish and it was in the news and on the lips of of a lot of people on SI stockcharts.com[m,a]daclyymy[df][pb50!b200!a25][vc60][iUb14!La12,26,9] while nem was overbought on RSI and going right into a pivot point in a major turning point congestion area, this is the time to be a trader, not a pig, there are plenty of those times. here is an interesting aside to the blow-off bull market phase from 95-99 -g- Subject 46395 my new book: stock markit miracles, lucretious N me -g- -lol-

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