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


To: James Strauss who wrote (26560)9/21/1999 4:01:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
James Strauss: Yeah, I have had that price action support area on my charts for months. But, first support areas first...<g> Right now the August 10 low managed a bounce.

Let's see how it goes...<g>

Regards,
LG



To: James Strauss who wrote (26560)9/21/1999 4:41:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
James,

Since I am close to getting a CLASS 2 BUY signal(didnt hit it since the DOW did not close at the lows), we could see a bounce at 10,550. Below 10,550 there are 3 supports in the 10400-10475 range.

Im only expecting a relatively small bounce, if it does bounces off 10,550, and selling to continue there after.

seeya



To: James Strauss who wrote (26560)9/21/1999 4:54:00 PM
From: donald sew  Read Replies (2) | Respond to of 99985
 
James,

I need to correct myself since I must have been in a daze when I wrote the last post. The DOW did bounce off of 10,550 today and I dont think will hold. We should get a bounce off of the 1400-1475 support area, with 1409 at the low end as you mentioned. That bounce should not be strong.

sorry for the confusion.

seeya