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

To: hunchback who wrote (26576)9/21/1999 7:30:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
Evening star or an Evening doji star on the daily chart

i would say it's an evening star, with a doji bias -g- because of the very small white body.

this is a real tug o war here, we had the same configuration in reverse off the spx 200 dma and now we have this configuration off the rising trendline off the jan and april top on ndx.

the move out of this indecision area should be powerful.

calling doctor larry
doctor moe,
doctor curly -g-

bwdik



To: hunchback who wrote (26576)9/21/1999 9:08:00 PM
From: stockycd  Respond to of 99985
 
hunchback,

Yesterday we probably could have made the doji argument but after today we seem to have an even more powerful reversal--the evening star. Even though a temporary bounce should come tomorrow, the trend has seemed to have changed and a migration to the bottom of the trading channel is very possible.

Chris


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