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

To: Robert Rose who wrote (20509)	7/20/1999 9:34:00 AM
From: HairBall	Respond to of 99985

Robert Rose: If you would go to my BWDIK page on the MDA Web Site and click on this text “60-Minute Interval Chart for the NYA”, you will see examples of both. The largest formation, a bullish triangle, shows near the end of June, first a breach of the upper descending trend line, a pullback to that trend line and then a clear break above. Next you will see a movement up and into a bullish descending triangle. It show several breaches of both trend lines before clearly breaking to the norm which was up. The next formation is a rising wedge, which portends a break to the downside, which you can clearly see, took place. This analysis is based on experience, but it is not too hard to get the feel. I try not to give them firm numbers because each can be a little different. <g> I hope this helps… Regards, LG