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Strategies & Market Trends : MDA - Market Direction Analysis

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To: bobby beara who wrote (14016)	5/14/1999 9:26:00 PM
From: HairBall	Read Replies (1) of 99985

bobby beara: The Overall Market has been in a Bull Market since 1974, with corrections along the way. I posted a chart of the NYA/COMPX Composite Semi-Log Weekly Chart a few days ago on the MDA Web Site. I identified a “in your face” 25 year rising trading channel on this overall Market chart with only two breaks of that channel. The first penetration was the correction in 1990. It went below the channel significantly, but came rocketing back in, in 1991. Then you have the topping process last year in April and July trying to move above this channel only to come crashing back into it. Then after finding a bottom last Oct 1998, the Market once again rocketed back above this trading channel and has extended its stay. I believe the Market WILL come back into this channel soon. It will take an approximate 14% overall Market move to just get the NYA/COMPX Composite Chart back to the upper trend line of the 25-year rising trading channel. Regards, LG Disclaimer: My posts are my opinions only and I reserve the right to be wrong on occasion. Do not base any investment decision solely on anyone's views or analysis. Do your own research and take responsibility for your own investment decisions.

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