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

To: donald sew who wrote (17385)6/15/1999 9:56:00 AM
From: HairBall  Read Replies (1) | Respond to of 99985
 
donald: Many of the bullish formations are close to being negated. If this happens (at trend changes) this could well signal the overall Market may well move back into the 25-year rising trading channel.

In addition, both the DJI and COMPX both have multi year rising trading channel they are sitting on.

The Market initially is not responding strongly to the drop in rates. However, the NYA-COMPX Composite found support right at its rising support line this AM. See 60-min interval chart.

Regards,
LG



To: donald sew who wrote (17385)6/15/1999 10:03:00 AM
From: Robert Rose  Respond to of 99985
 
Interesting analytical observation, Donald. <eom>



To: donald sew who wrote (17385)6/15/1999 11:35:00 AM
From: fedhead  Read Replies (1) | Respond to of 99985
 
So you don't think we have seen the correction yet. That is a very
scary thought.

Anindo


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