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


To: donald sew who wrote (33138)11/11/1999 8:36:00 AM
From: HairBall  Respond to of 99985
 
To donald sew and All: A couple of charts for your inspection...

Note the COMPX rose up to the upper trend line of its rising trading channel since the first of February. Is this a pause or a stall?

COMPX (NASDAQ Composite Index) Daily Semi-Log Chart
homestead.com

The NYA broke to the norm up and out of its falling wedge pattern and has paused in the neighborhood of a Fib retrace level 61.8% and a 2/3's retrace level. Is it is now having a bullish consolidation pause or is it in a stall pattern?

NYA (NYSE Composite Index) Daily Semi-Log Chart
homestead.com

Regards,
LG