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

To: donald sew who wrote (20031)	7/13/1999 2:22:00 PM
From: HairBall	Respond to of 99985

donald: Even though the previous high 11130 on 5/13 was breached twice today, I am still looking for that price action area to be supportive. If this support is firmly negated, the Market may be in store for a much broader retreat. Such a break will most likely influence the negation of several of the shorter-term intraday charts. I'll be keeping an eye on today's low on the INDU. We shall see...<g> EDIT: COMPX has just put in a new low...for today. Regards, LG

To: donald sew who wrote (20031)	7/13/1999 2:46:00 PM
From: dealmakr	Respond to of 99985

Don, Nice intraday call you made, hope you made some dough on it. Good Trading Dave

To: donald sew who wrote (20031)	7/13/1999 3:04:00 PM
From: Stephen	Respond to of 99985

Trin looks awful, tick was big negative ... whilst the market shot up ..... duh Stephen

To: donald sew who wrote (20031)	7/13/1999 3:04:00 PM
From: HairBall	Respond to of 99985

donald: The INDU as is the NYA rising in the face of a fairly negative NYSE TICK. The INDU approaching the previous described intraday support line. Will it now hold as resistance or will it give way and become support once again? EDIT: As I typed this post, seems it has been breached, so far! The NYA a moved up above it same previous rising support line (5-min chart) in the face of a fairly negative TICK. Isn't this usually when the Captain post a declaration of manipulaton...<g> Regards, LG