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


To: Robert Rose who wrote (24477)9/2/1999 1:14:00 AM
From: David  Read Replies (1) | Respond to of 99985
 
Does anyone notice H&S patterns, with lower right shoulders, on
both daily and weekly charts?

David



To: Robert Rose who wrote (24477)9/2/1999 8:05:00 AM
From: HairBall  Read Replies (1) | Respond to of 99985
 
Robert Rose: I would recommend caution in NTOP at this time. The previous high on 8/26, the top in the previous rising wedge (dark blue lines) has become strong resistance. This is important to keep an eye on.

Take a look at this chart and draw your own conclusions.

homestead.com

And, the chart for the companion equity IDTC is worth noting as well.

homestead.com

The above linked charts are 60-Minute Semi-Log Charts. Chart formations are not 100%.

Regards,
LG

Disclaimer: The above is my opinion only and I reserve the right to be wrong. Do not base any investment decision solely on anyone person's views or analysis. Do your own research and take responsibility for your investment decisions.