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


To: Lee Lichterman III who wrote (24269)8/31/1999 2:06:00 PM
From: HairBall  Respond to of 99985
 
Lee: I see the pop, look for the previous high in the flag to be resistance if the formation holds. Then a downturn from there...

EDIT: The formation already provided almost a 1/3 retrace of the formation.

Regards,
LG



To: Lee Lichterman III who wrote (24269)8/31/1999 2:21:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
Lee: Formation break...the shorter-term the formation the less reliable.

Regards,
LG



To: Lee Lichterman III who wrote (24269)8/31/1999 2:35:00 PM
From: Matthew L. Jones  Read Replies (2) | Respond to of 99985
 
Lee,

What are you watching that told you a buy program was about to kick in. Sure enough, though, the market as a whole started climbing not long after your post (in all probability as a result of a buy program in light volume). I can normally see the results but not anticipate them.

Matt