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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Debra Orlow who wrote (1041)	12/9/1998 11:55:00 AM
From: HairBall	Read Replies (2) of 99985

Debra: Ascending Triangles IMHO are mainly bullish continuation patterns. The larger trend I am following is the IND (Dow Industrials End of Day Theorectical Data) Semi-Log Chart - Bear Flag. I use the IND for my primary Dow Industrials daily analysis. On all chart patterns, I use a pivotal point from the trend from which to begin a formation. That means a down trend would start a fromation at the lower trend line and up trend would begin a formation at the upper trend line. Of course, I always mention that chart formations are not 100% Regards, LG

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