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

To: Les H who wrote (28793)	10/8/1999 10:00:00 AM
From: HairBall	Respond to of 99985

Les and All: A intraday chart for your inspection... NDX (NASDAQ 100) 30-Minute Semi-Log Chart homestead.com Note the rising wedge lower boundary offering support today, so far. Remember, rising wedges portend at least a retrace of the formation and can be reversal formations. My Qchart Trend Lines Green lines are resistance trend lines or resistance horizontal price action areas. Red lines are supportive trend lines or supportive horizontal price action areas. Gray lines are either resistance trend lines, resistance price action areas, supportive trend lines or supportive price action areas that have been broken. They can now act as either support or resistance depending on price action. Dark blue lines are formation lines. EDIT: Seems the lower boundary was penetrated while I composed this post...<g> Regards, LG Disclaimer: The above is my opinion only and I reserve the right to be wrong. An overall market expectation is just that and should not be used in exclusion of the evaluation of individual equities or other investment instruments. Do not base any investment decision solely on anyone person's views or analysis. Do your own research and take responsibility for your investment decisions.