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

To: HairBall who wrote (25620)	9/13/1999 1:28:00 PM
From: HairBall	Respond to of 99985

Recently posted charts on the QCOM thread. The indicators are main stream and hopefully all have some understanding of the directional movement, stochastic and MACD indicators. Horizontal gray lines are previous support or resistance price action areas that have been broken and now act as either support or resistance depending on price action. Horizontal red lines are support price action areas. Horizontal green lines are resistance price action areas. Rising or falling lines indicate support, resistance or support/resistance lines. Gray are support or resistance trend lines that have been broken and now act as either support or resistance depending on price action. Green lines are resistance trend lines and red lines are support trend lines. Dark blue lines are chart formations. The formation previously in play was a rising wedge. It portends a retrace, with the break to the norm being down. Good luck trading. homestead.com homestead.com Regards, LG