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


To: sean sanders who wrote (22601)8/10/1999 1:19:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
sean sanders: Nice contribution, but your trend lines are too loosely drawn. IMO

The supportive trend line off the Oct 98 lows is an important support area, however it is a support line that has been adjusted several times. Thus diminishing its significance.

The more important trend line on your chart is the upper descending trend line of the previous bullish triangle. That trend line extended (down and to the right) has proven to be declining support, so far!

Once again the trend lines in your graphic are too loosely drawn. IMO

Regards,
LG