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 672.07

-1.7%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: eichler who wrote (81276)	8/8/2001 8:51:57 PM
From: HairBall	Read Replies (3) of 99985

eichler: that we have been and still remain within a trading range of sorts with a downward bias. The COMPX has not been trading in a range from the 5/22 high, but has traced out a falling wedge. One I have been pointing out since shortly after the 7/11 pivot low. That low changed the downside momentum and changed the focus from the support line of previous falling megaphone (expanding triangle). The highly touted H&S patterns failed to resolve per the norm best I can tell...<g> Message 16079604 I will be surprised if the price action tags the support line of the 5/22 Falling Wedge again, before resolving to the norm...(I now doubt the 61.2% retrace area (1890) of the 4/4-5/22 move up will be tagged either!) At least not on this leg down and I don't expect another in the current pattern. Of course, I could always be wrong... Regards, LG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next