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

To: Michael Watkins who wrote (39665)	2/10/2000 10:20:00 PM
From: set	Read Replies (2) \| Respond to of 99985

> won't the band have arc'd down a little sure. The bands can only give a context. However it's generally true that most trading takes place within them. I think it's a little late to get excited about selling the dow and a little early to get excited about buying it. It's a question of entry. The current structure doesn't seem to me to present a low risk entry either way. If I were forced to take a position on the today's close, it would be long.

To: Michael Watkins who wrote (39665)	2/10/2000 10:28:00 PM
From: HairBall	Respond to of 99985

Michael Watkins: I use envelopes for indices, they work pretty darn good once you find the right formula for each. However as do you, I prefer support/resistance price action areas, trend lines and formation boundaries.... Regards, LG