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

To: donald sew who wrote (26789)9/23/1999 11:06:00 AM
From: Challo Jeregy  Read Replies (1) | Respond to of 99985
 
I understand Donald.

And the bigger reason that I hesitate is - AOL.

AOL is sitting right under resistence (BRL) of 94.
If it prints 94, 95, it is a buy signal.

And I don't think it's gonna happen. <g>
(Big caveat - if it does, then it's a trap! <ggg>)

Anyway, we would need good market movement to continue that AOL run.

BWDIK



To: donald sew who wrote (26789)9/23/1999 11:10:00 AM
From: Challo Jeregy  Read Replies (2) | Respond to of 99985
 
Donald, I meant to thank you for finding that pendant within the triangle on the s&p.

If we do move up tomorrow, that resistance line is around 1330, isn't it?



To: donald sew who wrote (26789)9/23/1999 12:18:00 PM
From: Debra Orlow  Read Replies (1) | Respond to of 99985
 
Last week I mentioned that the NAZ/NDX was trading in a range for 6-7 days. With today, it is now 13 days that the NDX/NAZ has been trading in a range.

So is it a basing pattern for a move to the upside or a topping pattern.

Don, it is my experience that the longer a chart stays in a trading range, the more of a chance that it is a continuation pattern as opposed to a reversal.

BWDIK, Debra

PS HI GANG!


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