Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: HairBall who wrote (31756)	10/29/1999 8:55:00 AM
From: HairBall	Respond to of 99985

To All: This turn caught me looking the other way, sorry! I really was expecting a retrace in two weeks or so. I expected one more test of the lower trend line of the descending wedge. I am still in the middle of some personal business not related to the markets. Until I am able to give market analysis my full attention I will refrain from posting analysis for a few days, as I do not want to mislead anyone. I still have "not" changed my overall expectations, but if I am wrong, previous highs most likely will give way soon enough. I expected increased volatility and we have it. Remember volatility means the market swings both ways. Below you will find links to my last charts for a few days or until I find the time to sit down and give market direction analysis my full attention. QChart - SPX (S&P 500 Index) Daily Semi-Log Chart homestead.com QChart - SPX (S&P 500 Index) 60-Minute Semi-Log Chart A closer view of the above chart. homestead.com ------------------------------------------------- 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. ------------------------------------------------- Good trading all... 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.