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


To: Lee Lichterman III who wrote (25368)9/9/1999 3:41:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
Lee: I see no discernable formation on the Dow 30 on the 15 or 30 or 60 minute charts. (linear or semi-log)

Looking at the 60-min semi-log chart the NYA and COMPX have bullish formations. However, there is the matter of the big gap up a few days ago in the COMPX, it has no pole.

Coin toss...need to go to other indicators!

Whoops, the 60-min chart indicators are pretty much in the middle of the road as well. I would say overall the NYA and COMPX charts reveal an upward bias...short-term.

Regards,
LG