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

To: Lee Lichterman III who wrote (29182)10/12/1999 4:35:00 PM
From: HairBall  Read Replies (2) | Respond to of 99985
 
Lee: I think the top is in at the least medium-term. Per my OMC and the SPX.

I am really expecting my OMC to work its way back inside its multi-decade rising trading channel, per my earlier post today. And, per my I-35 Road Kill update on Sept 15th.

Of course, I could be wrong...<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.



To: Lee Lichterman III who wrote (29182)10/12/1999 4:38:00 PM
From: HairBall  Read Replies (2) | Respond to of 99985
 
Lee: I have that same 1308 level marked on mine also ( your grey line). Do you expect that to hold or do you think we are going to head down to at least the previous low.

I did not respond to that directly. I think we could get a bounce on that descending SRL, but I do not expect it to be final support.

Regards,
LG


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