MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: donald sew who wrote (725)	12/7/1998 10:22:00 AM
From: HairBall	Read Replies (2) of 99985

donald: Looking at the Dow Industrials' Actual Intraday 30 Minute Interval Semi-Log Chart, the Bearish Pennant (looks more like a rising wedge at this point) is continuing. I see the DJI rising to the 9100 as possible/probable, but I am not so sure of the 9200 area. I believe the Market may well turn down before that mark is reached. So far the upper ascending trend line of the pennant/rising wedge is containing the advances. Of course, these consolidation formations can resolve at any point! Your thoughts... Chart formations are not 100%. (All Disclaimers Apply) BWDIK Regards, LG

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