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 694.07

-0.2%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HairBall who wrote (6190)	2/13/1999 2:22:00 AM
From: Art C.	Read Replies (1) of 99985

LG----I didn't try to get it down to the nth degree to be honest. This is what I'm looking at. Draw a horizontal line from the low of Jan. 4th, for the bottom part of the triangle, and another line from the high at Jan. 8 to the high of Feb. 1.. I you will notice, the highs and lows following those dates will extend above and below those lines, but the closes are still contained within the triangle. I think that if it closes outside the confines of the triangle that's the direction it's heading. Personally I think that we are heading for a fall---big time, and I have to admit I have nothing to back that up with but old age and gut feeling. Art

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next