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

To: HairBall who wrote (16619)	6/10/1999 2:59:00 AM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 99985

If you ever get the MDA site moved to another server that is easier to work with, I will move my site there and combine it if it is OK. I am having to use 3 different site pages to fit my stuff in where I am now so a real server would save me time. Now that my stuff is public anyway, just thought I would let you know. On SUNW, I have a fork showing a top likely around 68 on the daily and 75 on the weekly. This should only happen after a brief fall back however due to the short term cycle nearing over bought. Chart can be viewed at my site now. Good Luck, Lee

To: HairBall who wrote (16619)	6/10/1999 1:57:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

KM: Well DELL was in a bearish flag with in a falling wedge (bullish). I thought the edge of the flag would hold today. DELL struggled with it for a good part of today, but it has penetrated the ascending lower trend line of the bearish flag. Actually a break to the down side is the normal resolution of that formation. I just did not think it would happen today. However it still struggles, but now slightly below the trend line. Next major support is at the ascending lower trend line of the falling wedge...at about 31 today. I am not sure if DELL will stabilize here are test that lower trend line of the wedge. I "was" leaning toward stabilizing above 34 short-term, BWDIK...<g> Take a look at my "featured stock chart" on my Chart Page on the MDA Web Site...if you want to see the formations I am talking about. homestead.com Regards, LG