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

To: HairBall who wrote (22686)	8/11/1999 10:11:00 AM
From: j.o.	Read Replies (1) \| Respond to of 99985

Hi, LG - I've still got my eye on that 60-min descending resistance - nice bounce off of it just now around 10725 in the Dow In terms of wave count, I see two nice clean downwaves - and possibly a false-breakout into a fifth wave yesterday. I am watching this hourly resistance now and feel that a break of it to the upside is confirmation that we've just completed A-B-C, and the main direction is up. If we fail here, we'll break into a fifth wave down, confirming a downtrend. Either way, it's decision-time! j.o. indextrade.com