MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.27

-0.5%

Dec 1 4:00 PM EST

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To: Compadre who wrote (13529)	5/11/1999 11:58:00 AM
From: HairBall	Read Replies (2) of 99985

jaime choy: If you draw a trend line across the peaks of the 60 min. intraday charts of the NDX by joining the peaks of April 30 and May 5 you will see that it has not broken above the line yet. That is the main reason I was cautious. That is a intraday trend line I follow as well, but I have been tracking it since the 3/31 high. (60-min chart) It has offered both support and resistance. And you are right, it is given resistance to the NDX, so far today. Regards, LG

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