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

To: James F. Hopkins who wrote (22195)	8/5/1999 10:00:00 AM
From: gaj	Respond to of 99985

yup; i meant minor penetration of 86/120, not major... on large volume, which implies potential bottom... i won't be the first back in the pool, however...

To: James F. Hopkins who wrote (22195)	8/5/1999 10:00:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

Captain: It looks like the TYX and Equities are still trying to de-couple. That was the only way I can see both formations on the TYX and major Indices resolving without one or the other negating. Of course, there is probably a way I have never considered...<g> Regards, LG

To: James F. Hopkins who wrote (22195)	8/5/1999 10:07:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

Captain: Looks like that retrace could not materialize. The COMPX just fell through the major support area with the NYA dropping below its support as well. The OTX fell off a cliff this AM, while the VGY continues its steady decline. Momentum to the downside has got to start increasing "now" as long hold outs realize the bounce they have been looking for may not be coming. Regards, LG