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

To: dennis michael patterson who wrote (27840)	9/29/1999 9:52:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

DMP: Nice supportive bullish post. I just popped in to check the Market. I thought I would leave a chart for everyone's inspection. Note the horizontal support line (red line) trailing back to lows in March of this year and identified months in advance. Next major support dates back to January of this year at the 1206 area. Also notice the falling resistance lines. (dark green) All three are important to the bullish case, they must be broken to the upside to establish a new bullish trend. So far, the shortest-term trend resistance line is holding. Hope you find these charts of use... QChart - SPX 30-Minute Semi-Log Chart homestead.com Note: The dark blue lines are the boundaries of the previously identified bearish triangle. Regards, LG