Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: j.o. who wrote (22692)	8/11/1999 2:57:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

j.o.: Appears the downtrend resistance lines are being breached today on the OMC, INDU and the COMPX. However, the NYA and the SPX are still well below. This demonstrates the influence the NYSE issues have on the SPX. There is an alternate resistance line for the NYA and SPX, adjusted in. It requires using the high of 7/19 & 7/27 and ignoring the high on 7/28. I don't like doing this, but in this case it may be applicable. Follow through is now needed. I still suspect a consolidation began yesterday.... Regards, LG