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


To: HairBall who wrote (26784)9/23/1999 10:32:00 AM
From: HairBall  Respond to of 99985
 
To All: QCharts 60-min Semi-log charts: They are a little compressed, but I wanted to show a longer time frame.

Red lines are support, dark green lines are resistance and gray lines are support/resistance lines.

The NYA (NYSE Composite) Note, multiple bearish formations.

homestead.com

The COMPX (NASDAQ Composite) Note, finding resistance in the area of previous highs.

homestead.com

I expect this divergence to be closed, soon. I expect the COMPX will close most of the divergence.

Regards,
LG