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

To: HairBall who wrote (41085)2/23/2000 4:15:00 PM
From: HairBall  Read Replies (6) | Respond to of 99985
 
QUESTION FOR THE THREAD THIS EVENING

Was today's rally in the NASDAQ the lift off for a new extended rally or just a lure. (Lure meaning a move to draw investors in before taking the NAZ down.)

Regards,
LG



To: HairBall who wrote (41085)2/23/2000 4:27:00 PM
From: IndexTrader  Respond to of 99985
 
Thanks LG,

I guess I should have said forming...<ggg> I like to try to identify patterns early. Lots of times you can have just two bars, with the second day's low a bit higher than the previous day's low and the high a bit higher. It can morph into something else, but quite often it produces a down move a couple of days later.

Susan


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