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

To: dclapp who wrote (42176)	3/4/2000 12:04:00 AM
From: HairBall	Respond to of 99985

dclapp: Could it be that downward moves, given the macro environment, are understandable, while upward moves -- esp in the Nas -- are so totally speculative that "analysis" of the moves is somewhat like wrestling with a pig? I think you are correct to a point. But the reality is there are some charts calling for up moves. I posted the falling wedge on the NYA and S&P Emini calling for a retrace complete with the formations, the support areas and indicators. I also posted charts with rising wedges calling for a retrace of the COMPX and NAZ Emini. Looks like I may have been wrong, but those charts showed the rising wedge formations with support/resistance trend lines and price action areas. I also posted notes as to what a negation of the normal resolution of a rising wedge would be, so folks could watch for both. Many folks fail to realize, that on my charts I usually show not only what I expect to happen, but what to watch to see if I am wrong as well. (I don't think I am the only one that does this.) However, it is hard to argue in favor of this mania for many that post here....<g> OX provided the daily posts count to me and Michael Watkins...Michael has already posted a S&P Chart with the thread?s daily post as volume bars. It was amusing and interesting! Have a good weekend... Regards, LG Regards, LG