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


To: Stephen who wrote (26178)9/17/1999 1:37:00 PM
From: j.o.  Read Replies (1) | Respond to of 99985
 
Hi All, Just wanted to note the on the 15-min chart it looks like we're building a flag butting up against the former falling support line (now resistance line - 15-min chart) traced along the lows from the 8th, 14th, and 15th. If we break above 10850 it looks like we're headed for 10942 - the 61.8% retrace of the downmove since the 10th.

If we fail here, it looks like a nice ABC correction, and we'll resume the downmove, breaking key support on the way.

It should be an interesting day yet!

j.o.
indextrade.com



To: Stephen who wrote (26178)9/17/1999 2:22:00 PM
From: HairBall  Respond to of 99985
 
Stephen: Thanks...one last chart for today

homestead.com

Regards,
LG