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


To: Vitas who wrote (34841)12/7/1999 2:16:00 AM
From: E. Graphs  Read Replies (1) | Respond to of 99985
 
Vitas,

Thank you! That is really cool. I've always called this the three wise men going to the mountain........didn't know it was a recognized chart formation! I've played the upside from the peaks (wait for the dip to enter)......although not very much recently.

I will add that most of the times I have seen this has been after a decline.

How very entertaining.......!

E. Graphs



To: Vitas who wrote (34841)12/7/1999 7:05:00 PM
From: StockJock-e  Respond to of 99985
 
Re 3 peaks and a dome... Vitas, thanks for that, I was looking for more on that pattern.

It looks like the Y2K inflows could be the move off point 10, and here is my speculation: point 22 or 20 (the low preceeding the high point of the dome) will arrive in March-April (9 month Dow cycle). The timing seems about right.

Cheers
SJ



To: Vitas who wrote (34841)12/8/1999 11:29:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
Vitas the more prevalent formations are the less reliable they become. Many years ago and H&S worked as a prescription, today most H&S fail.

The momentum investing is now the rage and there are those making money out of it.

Haim