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

To: Les H who wrote (42362)	3/6/2000 9:30:00 AM
From: HairBall	Respond to of 99985

Les and All: One last quick QCOM chart before the trading day begins... My QChart QCOM 15-Minute Semi-Log Scale Chart Note the bearish pennant that has formed just above the lower band of the Mar 99 rising trading channel. This portends at least a retest of that band and possible much lower prices for the Q. marketdirectionanalysis.homestead.com Note: In this chart "light blue" is being use in addition to its normal uses to depict the slightly contracting rising trading channel from Mar 99. ------------------------------------------------- My QChart Trend Lines Green lines are resistance trend lines or resistance horizontal price action areas. Red lines are supportive trend lines or supportive horizontal price action areas. Gray lines are either resistance trend lines, resistance price action areas, supportive trend lines or supportive price action areas that have been broken. They can now act as either support or resistance depending on price action. Dark blue lines are formation lines. Light blue lines are previous formations. ------------------------------------------------- Regards, LG