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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Chip McVickar who wrote (16260)6/7/1999 7:45:00 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 99985
 
You have it down exactly... there's no projection based on this, just that the pattern is rare and reliable.....

GZ



To: Chip McVickar who wrote (16260)6/7/1999 7:49:00 AM
From: donald sew  Read Replies (2) | Respond to of 99985
 
Chip,

The NAZ appears to forming a BEARISH FLAG with the upper trendline around 2525. A significant break of 2525 would negated the FLAG formation.

This FLAG formation normally implies a sizeable downswing once the pattern is dissolved; however I have seen the opposite happen also, so a break above 2525 would be a key.

seeya